ORLANDO, Fla., April 26, 2021 (GLOBE NEWSWIRE) -- While doing our usual research for Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt OGPQ) a recent article from Forbes really stood out amid the various other commentaries and reporting.
If you’re a fan of lithium companies like Lithium South Development Corp or the lithium industry, it’s a must read in full at this link .
Short of that, let’s take a succinct look at how the author arrives at the conclusion that lithium is headed for very good times or ‘salad days’ as he calls them.
Here are a few critical excerpts:
- The burgeoning green revolution is driving the need for lithium which is used in most Electric Vehicles (EV.)
- Lithium demand is expected to more than double by 2024.
- Europe now uses more lithium to power vehicles than diesel and gasoline may not be far behind.
- While lithium deposits are found around the world and lithium is elementally found in sea water, few deposits are feasible to explore and develop profitably.
- Lithium has the potential to become the new oil.
- If every EV company took their 2023 plans and went to the lithium market today, they’d probably only get about 15% of their needed supply of lithium.
Those are staggering comments and predictions and time will tell. But it is inarguable that the need for lithium is increasing at an accelerated rate and that Companies like Lithium South Development Corp. which controls its own destiny through its lithium mining operations could find it well positioned and enjoying its own salad days .
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