The Electric Vehicle (EV) revolution, fueled by the pursuit for a greener planet, is expected to impact the supply chain of multiple commodities. The most sought-after EV-related commodities are nickel, cobalt, lithium, and graphite.
Lithium Chile owns a large lithium portfolio in Chile. We believe LITH can be a target if it is able to prove up its resource-base and complete a robust PEA.
LITH is trading at $458/hectare vs the pre-resource stage juniors’ average of $826. If successful, the drill program at Arizaro will be a major catalyst for LITH’s shares.
EV sales surged 168% YoY, to 2.65M, in H1-2021. The International Energy Agency (IEA) forecasts 145M EVs on the road by 2030, up from just 11M in 2020.
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