Lithium and graphite demand The article below relates to lithium in batteries and how the inductry is growing. Graphite is an even larger segment of the batery market nd has the same potential.
While other commodities flounder, Lithium emerges as the poster child for investors looking to gain a foothold in the next big game on the energy scene, carried along by already steady demand that is set to increase dramatically as Tesla's (NASDAQ:TSLA) battery gigafactory comes online in Nevada, sparking a race to build battery manufacturing capacity that will render lithium one of the most prized commodities on Earth.
Most of the world's lithium comes from Argentina, Chile, Bolivia, Australia and China, but American resources being developed by new entrants into this market have set up the state of Nevada to become the key venue and proving ground for the game-changing trade in lithium.
For several years, experts have been predicting a lithium revolution, and while investors were being coy at first, the reality of the battery gigafactories is now clear, and nothing has hit this home more poignantly than Tesla's recent supply agreements with lithium providers who will be the first beneficiaries of this boom, followed by a second round of lithium brine developers that are climbing quickly to the forefront.
The newest entrant on this scene - Dajin Resources Corp - has two projects in Nevada, only a short distance from the only producing lithium mine in the U.S., and also in close proximity to another small miner who has recently signed a preliminary supply agreement with Tesla.