Hi Clivemax, Great to read the commentaries from the industry experts in the sector. On the lithium demand/supply side, it would seem that what the world produces now, is like a drop in the ocean, when compared to the vast amounts of lithium that will be required to power the renewable energy sector in future years. And with the billionaires like Musk, Buffet, Branson and others all needing to consume the entire worlds supplies of lithium every year, this revolution is getting set to be very interesting, and very profitable for investors, which could leave any earlier gains made looking somewhat meagre in comparison.
Lithium is going to be everywhere.
But despite the massive amount of money pouring in, I believe the market is still in its infancy.
The entire industry accounts for only $29 billion. To put it another way, currently, the worldwide lithium market is one-twelfth the size of just one oil company — Exxon.
But this is about to change in a majorway.
This $29 billion market is on the verge of exploding to $7.2 trillion!
That’s based on projections by the International Energy Agency (IEA).
So, we’re potentially looking at a stunning 24,728% growth rate.
A nice big lengthy article, that mentions Galaxy, and the percentage gains already made in our company since 2015. And the best is yet to come; if all of these reports and numbers projections are accurate. Some good entertaining weekend reading.
GXY Price at posting:
$3.05 Sentiment: Buy Disclosure: Held
