Business

Is Lithium: The New Gold?

It seems gold’s 2016 rally is cooling down, so is it time for investors to be looking elsewhere? Could lithium be the answer? Kitco News spoke with LiTHIUM X CEO Brian Paes-Braga, who is bullish on gold but more so on lithium. ‘You’re looking at an industry that is growing 5 or 6 times in a short period of time,’ he said Wednesday. Lithium and related stocks have been rallying, especially given the growing movement towards electric cars. ‘A couple of months ago, I think the real monumental shift happened in the lithium space,’ Paes-Braga said. ‘Electric vehicles are really the big driver,’ he added, noting that he expects electric vehicles to increase demand for lithium over the next decade. How can investors get exposure to the sector? According to the millennial CEO, it is important to look at the junior companies in the industry. ‘As you know in the gold space, or other metals, there are many options for investors and in the space, there wasn’t that type of opportunity for the investor,’ he said. ‘So for an investor to get exposure to the space they really have to come downstream and take a look at smaller cap companies to get proper exposure to it.’

Lithium – new gold? you decide

3:03two thousands the consumer electronic business really took off and over the
3:07last 15 years
3:08the ten to fifteen percent k growth we’ve seen the space has been driven by
3:12that a couple months ago I think the real monumental shift top and lithium
3:17space which was just been waiting to happen
3:19and mr. Ilan mosca Tesla I got 4,000 orders of pre-orders for his model 3 and
3:26he went and told the world that he’s going to be all the lithium-ion
3:28production in like the next two years
3:30so electric vehicles is really the that the big driver that we’re looking at
3:35that a lot of the analysts are saying you’re going to be the big driver for
3:37demand over the next seven to ten years
3:40how big is that demand push it’s really increasing from a hundred sixty thousand
3:44tons a year of carbonate to almost half a million tons is kind of

 

Lithium Gold Lithium-Ion Battery

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