LTHM - Lithium: 3 Things Investors Need to Know
There's always been a strong correlation between economic progress and the flow of materials, but the Industrial Revolution solidified the relationship. The 19th century was shaped by the vision of a steamboat entrepreneur named Cornelius Vanderbilt, who helped to break down geographic barriers between production and consumption. That opened the door for Scotsman Andrew Carnegie's steel empire and John D. Rockefeller's petroleum empire, each of which spanned the 19th and 20th centuries.
It's too soon to write any one material into the history of the 21st century, but one is bound to play a significant role: lithium. Much as steel enabled modern infrastructure, lithium materials enable mobile power applications. As the world electrifies ground-based transportation and seeks solutions to intermittent power production from renewable energy sources, demand for lithium materials is expected to soar.
Before investors go rushing into lithium stocks, however, it helps to understand some of the basics. This guide provides a top-level understanding of the valuable metal and the long-term investing opportunity presented by producers.