LOS ANGELES, Oct 13, 2017 (PR Newswire Europe via COMTEX) -- LOS ANGELES, October 13, 2017 /PRNewswire/ --
USA News Group News Commentary
USA News Group [https://usanewsgroup.com ] - News announcements by automakers like including, Ford and Volkswagen planning to increase Electric Vehicle (EV) production have left the lithium market reeling.
Companies in the lithium mining and production space that expect to benefit from the new demand include Sociedad Quimica y Minera de Chile , Nemaska Lithium Inc. , Lithium X Energy Corp. , and NRG Metals Inc. .
Lithium is the soft white powdery metal now being lauded as the "new gasoline" that will be needed to power the rise of the EV revolution.
Electric Vehicles depend on lithium-ion batteries for efficient storage and operation, and the massive increase in demand is creating a significant predicted shortfall on the horizon. And while the market knew the shift was coming, very few realized that it would be this large or grow this fast.
The silver lining is that lithium companies are moving at breakneck speed to heed the call and generate more high quality lithium and add new reserves.
Big producers and early stage lithium mining companies are all seeing a rise as a result of the positive market momentum.