LAC - Elon Musk Is Betting On Lithium And I Am Too With Lithium Argentina

2024-02-16 11:54:59 ET

Summary

• The lithium boom-bust cycle continues. While prices of lithium companies are in the toilet, eventually the cycle should shift.
• We list out our choices for a future boom cycle based on EV growth.
• Lithium Argentina stands out as our top pick.
• Elon Musk is betting hard on lithium. Always follow the money.

Elon Musk Is Betting On Lithium

Follow the money. A very easy concept and in the case of lithium, following Elon Musk is not a bad move. We can see the Mr. Musk is building a lithium refinery in none other than the Texas coast but before we get into that we need to understand what pushed lithium down in the short term.

The last two years have been very odd for the lithium market to say the least. The economy was good; the price of lithium was blasting off to infinity and beyond. However, the astronomic price of lithium was not a good thing as it may have hindered lithium adoption with higher input costs. Then the inflation bug arrived and interest rates rocketed northward....

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