Lithium extends the battery life of cell phones and electric cars. Think iPhone, Samsung Galaxy, Tesla, BMW i3, Nissan Leaf, Chevy Bolt, Ford Focus Electric, Volkswagen e-Golf, and Kia Soul EV, etc.
“Electric mobility is expanding at a rapid pace. In 2018, the global electric car fleet exceeded 5.1 million, up 2 million from the previous year and almost double the number of new electric car sales. The People’s Republic of China remains the world’s largest electric car market, followed by Europe and the United States.
“The smartphone industry has been steadily developing and growing…, both in market size, as well as in models and suppliers. Smartphone shipments worldwide are projected to add up to around 1.48 billion units in 2023. By the end of 2020, 44.9 percent of the world’s population is projected to own a smartphone.” Jun 26, 2020
How close a prediction that was, as the percentage of smartphone owners in the world was recorded as 46.5% in 2020.
On the show, I discussed 4 different Lithium producers and showed their graphs, one of which had just inked a deal with Tesla to provide Lithium for the batteries for Elon’s cars.
The stock of this company shot up 300+% in one day.
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Keep your powder dry.
John Truman Wolfe