”Tesla needs Lithium
NW Tech Capital, Inc. (OTCMKTS: NWTT)
The global lithium market size was valued at USD 4.23 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 1.9% from 2020 to 2027.
There's only one thing standing between Tesla and world domination-the global supply of lithium. And that's good news for lithium producers.
The current estimated market size of graphite anode material used in electric vehicle batteries is approximately 250,000 tons per annum. This market is currently valued at $750 million - $1.0 billion. The Company believes a significant portion of this graphite anode material can eventually be replaced with halloysite-derived silica and silicon.”
The last sentence piqued my interest!
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