Lithium Market Expected to Continue Growing As the world continues to transition toward green energy, it’s estimated that an additional 300 lithium mines are needed in order to satisfy future demand by 2030. And this exponential demand for batteries and electronics has caused energy metal prices to skyrocket. More recently, SQM stated that they expect lithium demand to rise an additional 40% this year which will help keep the elevated lithium prices high. Furthermore, other experts are continuing to predict significant price increases. Joe Lowry expects the price of lithium carbonate to continue its upward trajectory into 2027 before hitting highs of US$97,000 per tonne as the supply and demand curve starts to invert.
https://www.bnnbloomberg.ca/lithium-giant-sqm-sees-prices-staying-higher-for-longer-1.1847665
One company that holds immense upside in the market is $STAG.C. They recently transitioned into the energy metals sector with several acquisitions of lithium and rare earth metal properties in Newfoundland and Brazil. Now with over $1.5M from the recent oversubscribed financing deal, the company is ready to begin exploration and expansion into the rapidly growing energy metals industry. Moreover, the current valuation of $2M provides significant upside potential when looking at peers in the space. Definitely keeping an eye out here.