Top Lithium stocks in Australia. Which ones to trade?
Top Lithium stocks in Australia. Which ones to trade?
BloombergNEF forecast that electric vehicle (EV) sales are set to hit to 8.5 million by 2025, while EV sales, represented as a percentage of all new car sales, is set to hit 10% by 2025.
Importantly, although lithium-ion has many uses outside the production of EVs – including the production of batteries for smartphones, laptops and other digital devices, armour plating and glasses as well as certain pharmaceuticals – the consensus is that its long-term viability will be ‘directionally proportional’ to the adoption of electric vehicles, according to S&P Global Platts.
Reference to the article:
https://www.ig.com/au/trading-strategies/best-asx-lithium-stocks-to-watch-in-2020-200904
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