Lithium prices are seeing their first sustained rise for three...

Lithium prices are seeing their first sustained rise for three years as carmakers and cell manufacturers respond to the strong upward trend in EV sales.

The long term outlook is strong.

New research from Wood Mackenzie predicts EV sales to reach 62 million units per year by 2050, with a total global EV stock of 700 million.

It’s hard to deny investor sentiment has been high lately – Aussie lithium stocks have been flying.

Just check out this sea of green:



And after three years of solid declines, prices have noticeably turned a corner.

But the best indicator is this – an initial $5000 investment in the above basket of lithium stocks 12 months ago is now worth about $20,000.

Not bad.

We asked a couple of experts how they would allocate $5000 in a hypothetical lithium portfolio.

This bag of stocks includes miners, up and coming producers, and the more risky, speculative low market cap explorers.



"It’s just having the faith that keeps me holding"




Don't stress Stevo Bro, Me old China Plate, like you said,

"We live another day, just traders taking their profits"

"It’s the same deal over most of my stocks"

Plus the ASX on the Slide today didn't help our cause imo


*To Remind,

This could be a banner year for electric cars

The pace of new EV introductions is quickening

Signs point to 2021 being a big year for electric cars.

EV launches ramp up

It may herald the dawn of a new electric car age.

www.marketwatch.com/story/this-could-be-a-banner-year-for-electric-cars-11612550273



It won't happen overnight, but it sure as Hell is happening atm

It must be true, because i read it on a Wall somewhere

Food for thought

Cheers

Frank

RIP - George Michael