Lithium demand in the future
As markets are always forward looking instruments, It is no wonder that Tesla is now the most valuable automaker in the world in terms of market cap, and it is no wonder that we have so many EV companies go public this year.
Nickel and Lithium, these metals are making crucial contributions to the lithium-ion (Li-ion) batteries that power much of these EVs. Although the electronics and energy storage sectors are significantly driving the demand for battery metals, the biggest demand driver may very well be from EVs. Check disclaimer on my profile.