The world is in desperate need of lithium supply.
For one, “lithium might run out by 2025. And as electric cars begin to take over the roads, lithium stocks could turn out to be some of the biggest winners,” as noted by Forbes. Two, the world could need five times more lithium that is currently mined to meet global climate targets by 2050, according to the World Bank, as noted by BBC. Three, by 2030, the world could see about 125 million EVs on the road, which will only drive even more demand for lithium supply.
In fact, “It is anticipated demand for vehicle battery metal will increase sharply over the next several years as automakers abandon internal combustion engines for EVs,” says Resource World. All of which could be a major catalyst for companies such as E3 Metals Corp. (TSXV:ETMC)(OTC:EEMMF), Albemarle Corporation (NYSE:ALB), Lithium Americas (NYSE:LAC)(TSX:LAC), American Lithium Corp. (TSXV:LI)(OTC:LIACF), and Piedmont Lithium (NASDAQ:PLL).