Demand for lithium is skyrocketing. Driven by the meteoric rise in EV demand, the price of lithium has shot up 20x in the past two years, from $5,000/ton to nearly $80,000/ton. But this is just the beginning of a decades long supply crunch. By 2025, demand is expected to outstrip supply by a multiple of 15 times. By 2040, global demand for lithium is expected to grow 4,000% from today. Thankfully a series of new discoveries across North America are offering hope that lithium shortages can be avoided. In particular is an early-stage lithium explorer with projects in two of the world's most favorable jurisdictions, Clayton Valley, Nevada, and Manitoba, Canada. The regions are home to the only producing lithium mine in the United States, Silver Peak, owned and operated by Albemarle... And the only hard rock lithium mine in Canada, the Tanco mine, owned and operated by Sinomine. In just 24 months, between January 2021 and January 2023, Albemarle stock almost doubled in price to $280 a share. The story was even better for Sinomine investors. Its shares soared more than 400% in the same period, from $21.84 to a whopping $86.20. Right now, this junior is mobilizing for the next phase of drilling at the Clayton Valley project. That means is only a matter of time before news comes rolling in. Click here to learn more about this developing story... Market Tactic |
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