I think everyone is still sleeping on lithium mining companies

Tesla has the ambitious plan of selling 20 million cars year after year starting from 2030, the amount of lithium that you need to sell that many cars is about 1,2 million tons of lithium and the amount of lithium that we were expected to have by 2030 is anywhere from 1.8 to 1.9 million tons of lithium. that measure can easily be estimated based on current reserves, upcoming projects and battery recycling.

The leading researcher in the mineral space for electric vehicles benchmark minerals intelligence estimates that we will only have one 1.8 million tons of lithium by 2030.

Lithium extraction is not something that can be fast tracked it actually takes on average 7 to 10 years to bring lithium from the ground into the markets, in 2019 we only mined under 400,000 tons of lithium.

Every car manufacturer globally is planning on selling tens of millions of electric cars, Tesla is really the only car manufacturer that has a supply chain figure it out and can source as much Lithium as it can get his hands on, where will the rest of other car manufacturer source enough lithium?

We will be faced with a massive Lithium shortage, lithium is already becoming the new oil and when we couple the fact that there will be a massive shortage for electric vehicles and energy storage the vast amount of wealth that will be generated in the future in my humble opinion is from Junior mining companies.

The money that is made in this electric vehicle revolution is from the groups that set the pricing for their commodity lithium, the lithium mining companies.

Companies like Sigma lithium, liontown resources, lake resources, are surging thousands of percent without even having extracted one grain of lithium. When they start to sell lithium they will take off even further.

There are a ton of Junior companies out there that have massive potential in my humble opinion the best ones are Brazil minerals, Sayona mining, Atlantic lithium, lake resources, Piedmont lithium.

To those of you who think there is a replacement technology, there’s no replacement technology that can be brought to market within the next 15 to 20 years, let alone a replacement technology we still haven’t even figured out how to deliver solid-state batteries to market. It’s one thing to create a new technology and another to commercialize it. For now it looks like and for the next decade car manufacturers are soley committed to batteries that use lithium.