I was wondering what you think is the best lithium stock to invest in. With all this global warming talk, and the push to move toward electric vehicles, I think lithium can be a nice long term play for me. Would you suggest investing in a lithium mining company? If so, what companies do you like? I’m fairly new to investing, so I’m sorry if I used incorrect terminology or sound like a moron. Thank you all for your time. $Lithium Battery(BK2552.US)$$Tesla(TSLA.US)$$NIO Inc(NIO.US)$
$Tesla(TSLA.US)$fans are excited about falling lithium prices, quoting the China price of $38/kg, which is down 65% vs its Nov'22 peak (Left, $/MT). US & European lithium prices are only -20% vs peak at $63/kg (Right, $/kg). China's price is 40% lower due to a slump in car demand. $Lithium Battery(BK2552.US)$
$General Motors(GM.US)$has formed a partnership with lithium-ion battery recycler Lithion Recycling as part of the automaker's bid to secure lithium supplies, a key ingredient for electric vehicle batteries, the companies said Thursday. The partnership with Lithion "is yet another step in the right direction" for GM's strategic growth plans, according to Wedbush Securities. "Similar to Tesla's recent efforts to develop...
Tesla will suspend plans to manufacture batteries in Germany in order to seek to qualify for tax breaks for electric vehicle and battery manufacturing in the US. Tesla has been working to produce batteries in-house and has discussed shipping battery manufacturing equipment it had intended to use at its Berlin plant to the US. In August, US President Joe Biden signed the Inflation Reduction Act, which provides tax incentive...
Best lithium stock
$Lithium Battery(BK2552.US)$$Tesla(TSLA.US)$$NIO Inc(NIO.US)$
US & European lithium prices are only -20% vs peak at $63/kg (Right, $/kg).
China's price is 40% lower due to a slump in car demand.
$Lithium Battery(BK2552.US)$
General Motors Forms Partnership With Lithium Battery Recycling Company Lithion
The partnership with Lithion "is yet another step in the right direction" for GM's strategic growth plans, according to Wedbush Securities. "Similar to Tesla's recent efforts to develop...
Tesla wants to change battery strategy for US electric vehicle tax credits
In August, US President Joe Biden signed the Inflation Reduction Act, which provides tax incentive...
No comment yet