Because lithium mines are so much better for the environment than coal mines.
Posted on 10/07/2015 7:00:32 AM PDT by bananaman22
While other commodities are floundering or completely collapsing in this market, lithium—the critical mineral in the emerging battery gigafactory war—is poised to explode, and going forward Nevada is emerging as the front line in this pending American lithium boom.
Most of the world’s lithium comes from Argentina, Chile, Bolivia, Australia and China, but American resources being developed by new entrants into this market have set up the state of Nevada to become the key venue and proving ground for game-changing trade in this everyday mineral. Nevada is about to get a boost first from Tesla’s (NASDAQ:TSLA) upcoming battery gigafactory, and then from all of its rivals.
For several years, experts have been predicting a lithium revolution, and while investors were being coy at first, the reality of the battery gigafactories is now clear, and nothing has hit this home more poignantly than Tesla’s recent supply agreements with lithium providers who will be the first beneficiaries of this boom, followed by a second round of lithium brine developers that are climbing quickly to the forefront.
As Jeb Handwerger—founder of Gold Stock Trades—recently told the Resource Investor: “This is just the beginning. We're in the early stages of a revolution in powering transportation and homes. This really is disruptive technology. Annual growth in the battery space could be around 20 percent, which means that demand could double every five years. These batteries make smartphones, laptops, tablets, electric cars and even solar energy practical.”
(Excerpt) Read more at oilprice.com ...
I am sure Elon Musk will be happy to hear about this ...
Lithium set to explode? Yeah, it does that.
I guess that explains why we still have bases in “The Saudi Arabia of Lithium” and ignore all the boy @#$%ers there.
If The Donald is elected, the Dem’s will need Lithium Injections.
I recall tossing old lithium batteries into the ocean. The blow up in salt water.
Tesla agrees to buy lithium from Mexican mine for its Gigafactory
http://fortune.com/2015/08/28/tesla-lithium-mine-mexico/
AUGUST 28, 2015
Tesla has entered into an agreement to buy lithium from a soon-to-be-built mine in Northern Mexico to supply a key ingredient in the batteries that it will eventually churn out in its large battery factory.
America can't, just CAN'T be Lithium independent!!!
Nevada?
This wouldn't have anything to do with
Harry Reid and the Bundy Ranch Land ...
Now would it?
” Nevada is about to get a boost first from Tesla’s (NASDAQ:TSLA) upcoming battery gigafactory, and then from all of its rivals. “
No it isn’t. Tesla has said they are going to get most of their lithium from foreign sources.
I would have expected Lithuania to be a major source.
I would have expected Lithuania to be a major source.
https://en.wikipedia.org/wiki/Lithium_(medication)
Because after seven years of Lord Foul and even just the possibility of a Clinton or Sanders administration has created a real need for Americans to be medicated.
Because lithium mines are so much better for the environment than coal mines.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.