There’s growing speculation lithium prices are finally bottoming out.
Sociedad y Quimica CEO Ricardo Ramos expects for lithium prices to remain stable this year, and for sales volumes to improve.
Pilbara even said it’s seeing buying interest again, too. “All our customers, for avoidance of doubt, are taking their product and, in some cases, asking for more,” said Pilbara Minerals’ Managing Director Dale Henderson, as noted by Bloomberg.
In addition, according to Statista, by 2030, global demand for lithium is expected to pass 2.4 metric tons, which doubles the demand forecast for 2025. By 2035, they added, demand could reach 3.8 million tons. Then, by 2040, lithium demand could increase 40 times over with expectations for increased EV adoption and energy storage needs.
On top of that, lithium producers have warned that global supply may not meet demand.
If lithium prices are finally bottoming out, keep an eye on these three ideas.
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Company: Albemarle (ALB) |
Important: Read This BEFORE Bitcoin Hits New Highs
Bitcoin is already up 300% since its 2022 lows, driven by a wave of new institutional buying. But according to one of America’s leading crypto experts, this is just the start of a much bigger shift playing out right now. It’s critical you learn more today… BEFORE this impacts your money and your retirement.
Here’s everything you need to know.
| Company: Piedmont Lithium (PLL) Piedmont Lithium is waiting for a green light from North Carolina on its lithium project. If that happens, the company says its mine could be one of North America’s biggest sources of lithium for electric vehicle batteries. |
| Company: Global X Lithium & Battery Tech ETF (LIT) Or, you can diversify at a lower cost with an ETF like the Global X Lithium & Battery Tech ETF. Some of its top holdings include Albemarle, Tesla, BYD, Panasonic Holdings, and Livent to name some of its 46 holdings. |
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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