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Lithium's price has actually quadrupled considering that 2021.
The Biden management is spending $3 billion in the commodity, which is important to electrical cars and truck batteries.
According to Gianni Kovacevic, Director and Creator of LithiumBank Resources (TSX.V: LBNK), there is much possibility in lithium production.
Kovacevic spoke with David Lin, support and producer for Kitco Information.
Adhere To David Lin on Twitter: @davidlin_TV ()
Follow Kitco News on Twitter: @KitcoNewsNOW ()
Follow Gianni Kovacevic on Twitter: @GianniKov ()
0:00 – The lithium thesis
1:50 – Biden's $3 billion lithium investment
8:30 – Lithium cost performance
11:16 – EV business and also lithium mining
13:30 – 50% of united state cars be electric by 2030
18:14 – Lithium cost projection
#lithium #ElectricVehicle #mining
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Why is Biden investing $3 billion into lithium? Gianni Kovacevic on the next metals boom
Lithium’s price has quadrupled since 2021.
The Biden administration is investing $3 billion in the commodity, which is crucial to electric car batteries.
According to Gianni Kovacevic, Director and Founder of LithiumBank Resources (TSX.V: LBNK), there is much opportunity in lithium production.
Kovacevic spoke to David Lin, anchor and producer for Kitco News.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Gianni Kovacevic on Twitter: @GianniKov (https://twitter.com/GianniKov)
0:00 - The lithium thesis
1:50 - Biden's $3 billion lithium investment
8:30 - Lithium price performance
11:16 - EV companies and lithium mining
13:30 - 50% of U.S. cars be electric by 2030
18:14 - Lithium price projection
#lithium #ElectricVehicle #mining
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
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