Producing lithium chemicals and producing batteries are two different things. 99 new battery factories in the pipeline to be completed by 2028 is extremely good news for every lithium chemocals producer including Orocobre. Production of lithium chemicals will most likely keep up with the deman from battery producers in the next 8 years and beyond. There is nothing overhyped here. If all car manufacturers want to achieve their ambitious EV goals, you will need all of these factories. There are countless uses for batteries because many types of vehicles get electrified, even some boats, ships and airplanes. Then you have the market for battery energy storage either for individual homes or for bigger projects for example to stabilize the grid and store energy from renewable sources. Demand for lithium based batteries will explode in the upcoming years.
ORE Price at posting:
$2.38 Sentiment: Buy Disclosure: Held
