With Brent Crude trading at US $113 per barrel and the USA imposing a
total ban on fuels from Russia/Belarus (on account of Russia/Belarus war crimes, bombing maternity hospitals, etc & illegal invasion of democratic & sovereign Ukraine), clearly, the next push for transportation energy is swiftly moving towards Lithium powered EV's at a rapid pace.
Kudos to Tesla, Elon Musk and the major automobile manufacturers for establishing the important groundwork in a timely manner to be prepared
today in times of war & energy crisis to ramp up EV roll-out business strategy.
Piedmont Lithium (PLL) share price on a tear this week nearing US $70 and Lithium Americas beginning to move accordingly, up $2.56 today to $36.20.
Both companies (with solid market capitalization) anticipated to be
significant acquirers of large scale Lithium projects with growing reserves in mining friendly jurisdictions.
With Frontier Lithium discovering & developing
vast quantities of high grade Lithium reserves in mining progressive Canadian region and given the surging prices at the pumps and Europe's massive move to get off Russian fuels, (particularly Germany & Netherlands), it's not surprising to see German company BASF building a battery cathode plant in Canada and Frontier's share price responding favorably as battery plant announcements continue going forward.
As Consvestor commented, RE:Lithium keeps Marching on ~US $35/pound
"High oil price will only accelerate the push towards EV"