ALTAF - Make Your Own High-Risk/High-Reward Lithium ETF
Lithium demand
The electric vehicle ((EV)) revolution has been guaranteed by European and Asian government announcements to end fossil fuels in vehicles. In response to this, almost all automakers have announced plans to produce more EV models in the near future. To meet the impending automotive demand, 26 battery "megafactories" are planned or in production today, up from only 3 in 2014.
Of all raw materials to support this paradigm shift, lithium supply needs to increase the most. With lithium supply as it is today, 2,898% more will be needed to convert the world