Largest lithium resource with lowest valuation 2, page-932

China is the top market for electric and hybrid cars, accounting for roughly half of global sales, and the government is pushing the development of the industry within its borders. That calls for a lot of lithium, a key component of the vehicles' batteries.
"Whoever controls the lithium supply chain will control the future of the electric vehicle space," said Simon Moores, managing director at research and data provider Benchmark Mineral Intelligence. "There's a global battery arms race."

The growing global appetite for lithium is already driving up its price. It's gained 40% since the start of the year to trade around $14,000 per ton, according to Benchmark Mineral Intelligence.
"This is an incredible bull market like lithium's never seen," Moores said.
A lot of the demand comes from China's large and growing battery manufacturing industry.