Despite recent market shifts, European demand for lithium remains on an unprecedented upward trajectory. As Europe's car makers make the switch to EVs to meet this burgeoning demand there is over 700GW of gigafactory capacity either in construction or planned to provide the batteries for these EVs. These gigafactories will require over 650,000 tonnes of locally refined lithium per year in the form of either hydroxide or carbonate depending on the type of vehicle. Currently the UK and Europe has very limited lithium refining capacity.
EMH Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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