When you think about Electric cars the one thing that comes to mind is Lithium. Lithium is the main component of making Electric Car Batteries and when it comes to Lithium Suppliers there are only a handful of companies in the world that are feeding the market.
Here is a list of some of the largest Lithium producing companies
- Sociedad Quimica y Minera (SQM).
- FMC Corp (FMC),
- Talison Lithium Ltd. (TSX: TLH),
- Rockwood Holdings (ROC)
With the Lithium demand on the rise with all the new Car manufacturers creating Electric vehicles, the Lithium Market is set to explode. Since the introduction on the Tesla Model S and the announcement that Tesla Motor Company is planning on building a Gigafactory in Nevada, the USA which will essentially be a Lithium battery manufacturing warehouse the likes the world has never seen.
So where will the world growing demand of Lithium come from?
Lithium exploration and development companies like.
One company comes mind which is Nemaska Lithium (NMX.V) Nemaska intends to become a lithium hydroxide supplier and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Quebec one of the most important spodumenes lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrates produced at Nemaska Lithium's Whabouchi mine will be shipped to the Companies lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which patent applications have been filed.
The one for sure is that the demand for lithium isn’t going to go anywhere and the companies currently in production and those few that will make it to production will see and increasing demand over the next few years. We are already seeing this in the price of Lithium as so far this year the spot price of lithium is up %30 and with the growing demand it is easy to see this rise even further.