LIT - Was The Biggest Lithium Deposit Just Found? Here's The Stock Investors Should Know | Benzinga
Lithium is a metal that has soared in popularity and demand in recent years thanks to its inclusion in electric vehicles.
A disclosure of a new lithium deposit that could be the biggest in the world could be good news for the electric vehicle sector and a company that has rights to the mining area.
What Happened: With electric vehicle sales expected to increase over time and gain market share over traditional automakers, investors may be looking for ways to invest in the growth.
There are multiple ways to invest in electric vehicle growth including stocks and ETFs and one area of focus could be lithium, given its placement in the supply chain.
With more lithium needed to produce more battery-powered electric vehicles, the sector may have gotten great news with the discovery that 20 to 40 million tons of lithium could be contained within a volcanic crater near the Nevada and Oregon border.
This total, reported by Chemistry World, ...