China Is Winning on Lithium. What It Means for Tesla and Other EV Stocks.


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Textual content dimension China dominates the processing of many supplies that end up in electric vehicles . Now it’s going after mining these sources extra aggressively. On Wednesday, Gavekal Research took a have a look at lithium, a key ingredient within the rechargeable batteries that energy Tesla (ticker: TSLA) automobiles, in addition to all different EVs. Lithium demand has been booming and prices are rising. The Worldwide Power Company projects the worth of worldwide lithium gross sales will develop 20-fold between 2020 and 2030. Lithium costs are up roughly 400% over the previous yr. China dominates in supplies refinement and...