Sunday, September 17, 2017

100% electric vehicles means huge demand for lithium, cobalt, and rare earth metals

Quite a bit of chatter in the media recently about the world going to 100% electric cars. All good and well but not much talk of where all the materials to build these cars will come from. Check out this chart:



The chart shows the increase in materials needed if the world goes 100% electric vehicles. These are huge numbers and that means opportunity.

I don't think we get there anytime soon as there just is not enough mine capacity to supply all these metals.

However, the movement towards a 100% EV future will create enough demand to make astute investors wealthy.

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