In a particular episode of The West Australian’s new monetary video present Trading Up, we take a look at the booming lithium sector — the important thing gamers, the rising demand and what the long run holds.
It is the sector of 2022 as main gamers enhance their curiosity within the ingredient wanted for electrical autos and buyers rush to affix the social gathering within the hope of future profitable returns.
The Australian lithium sector’s complete market cap has run from $15 billion to $60 billion in simply two years due to the hovering worth of the commodity.
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In batteries for EVs, there’s no substitute for lithium. Production of the metallic is barely maintaining with consumption after a 2018-20 market hunch that undercut funding in new initiatives.
WA corporations Mineral Resources and Pilbara Minerals are cashing in on the demand and as Elon Musk says lithium manufacturing proper now’s “a licence to print money”.
