Weather we like it or not, the EV battery revolution has begun with steady accelerating pace with nothing in it's way to hold it back.
For people who are not firmly aware of the fundamentals and are just picking a couple of pips here and there, could miss out on the trending phase, for all the battery manufacturing materials that will be in demands, as the "Mega Factories" cranks up massive production outputs.
It take a while to develop any mining ventures through to production, most traders are not patient, so the big money will be missed by many punters, just like it always happens.
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Excerpts ----- Interest In Lithium Charging Ahead
BY EVA BROCKLEHURST - 18/05/2017 | VIEW MORE ARTICLES FROM FNARENA NEWS
Growth in electric vehicles is relentlessly driving interest in lithium. Canaccord Genuity has visited China and met with various members of the supply chain, including lithium converter plants, cobalt salts producers and cathode/anode producers.
The broker is bullish on both the short and long-term outlook for the sector, and expects the rise of electric transport and grid storage to be a global theme that has clear implications for the demand for lithium and cobalt as input materials to the battery industry.
Vested Equity Research also believes the long-term drivers of lithium are very promising but cautions that bullishness is unlikely to be justified over the short term. Still, the researchers acknowledge there is no reason why the price of lithium and investments exposed to it could not re-rate earlier, as investors become more comfortable with the story.
The researchers note 14 countries have committed to quantitative electric vehicle stock objectives by establishing regulatory incentives, also observing that China's electric vehicle sales are increasingly driven by government subsidies and purchasing quotas on traditional vehicles in tier 1 cities.
Subsidies for commercial and passenger electric vehicles can be as high as 60% of the selling price of a commercial vehicle or 40% in the case of passenger vehicles.
Chinese government subsidies for the purchase of electric vehicles have recently been revised to favour those with longer driving ranges, meaning a requirement for lithium batteries with higher energy density characteristics.
http://www.*********.com.au/fnarena_news.asp?a=AV&ai=44044[/BCOLOR]
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