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[7] [3] As of 2021 lithium demand is expected to triple over the next 5 years, increase tenfold by 2030, and potentially increase 50-fold by 2040. [2] [3] [6] [11]: 1 The US government is concerned that, as of 2021, almost all the lithium used in the US is imported, which the Department of Energy says is a "strategic vulnerability". [21]
According to the United States Geological Survey, Bolivia’s resources of lithium are estimated to be 9 million metric tons as of 2018. [15] In 2017, a state-owned company Yacimientos de Litio Bolivianos (YLB) was created with the aim of extracting the lithium deposits and developing the lithium industry. [3]
Two of these lithium stocks look a lot riskier than the third.
Piedmont Lithium has pulled its application for a debt package from a popular U.S. government loan program and is scaling back ambitious expansion plans across two continents, as tumbling prices ...
Thanks to the electric vehicle boom and Joe Biden, lithium stocks have been explosive. For one, Joe Biden seems to want far more EVs on the road. In fact, Biden’s web site noted, “There are ...
The government of Serbia annulled all contracts with Rio Tinto in January 2022, however the protests continued up until the dissolution of the National Assembly on 15 February, [b] during which demands for introducing a moratorium on exploitation of lithium increased.
Lithium stock prices are responding positively to the news. As of 10 a.m. ET, SQM shares are rising 10.2%, Arcadium stock is up 10.9%, and Sigma Lithium is doing best of all -- a 15% gain.
All lithium extracted in Chile as of 2023 comes from Salar de Atacama. [19] The only two lithium-extracting companies currently operating in Chile, SQM and Albemarle, have licenses to extract lithium until 2030 and 2043 respectively. [19] [20] In April 2023, the Chilean government announced plans for nationalizing its lithium industry. [21]