lithium price December 8th, 2016
No commodity had a better 2016 than lithium.
Just nine months ago, it was selling for $5,000 per metric ton. Now it's at $8,500 and could make $10,000 by year-end.
But what’s in store for 2017?
Find out in our free report: “2017 Lithium Stocks: The New Gasoline.”
When it comes to commodities, gold and oil get all the glory — but lithium is the one that’s really getting it done.
The metal is used in a wide variety of products, from smartphones to ceramics to rooftop solar cells. However, its biggest use is in electric car batteries.
That's what's got the metal popping right now.
Lithium demand far exceeds production, and that’s led to a major jump in prices.
Indeed, global lithium demand in 2016 reached 184,500 tons. And it’s set to rise to more than 260,000 tons by 2020.
Yet supply figures to be less than 238,000 tons.
The shortfall is obvious.
That’s why lithium stocks have been soaring. In many cases, they’ve posted triple-digit gains.
We name four in our free report — and that’s just miners. In addition to those, we also cover electric car companies, battery manufacturers, and a lithium-based investor fund.
So sign up and get “2017 Lithium Stocks: The New Gasoline” delivered straight to your inbox. Again, the report is free and will arrive in a matter minutes.