The Lithium Boom is About to go Into Overdrive
June 16, 2017 | PRNewswireEstimated reading time: 13 minutes
Most investors are playing the lithium boom wrong. And they could find their investment blowing up in their faces. Not all lithium is created equal. It's the high-grade lithium battery makers that Tesla and China crave. They cannot use low-grade lithium. Low-grade lithium miners have a limited sales channel. That's because their low-grade supplies cannot feed the real lithium frenzy - battery storage.
Bearing Resources Ltd. (BRZ.V; BRGRF) is sitting on one of the highest-grade lithium finds in history. Best of all, it has some of the lowest production costs in the industry. And Bearing Resources will have no problems selling it. CEO, Jeremy Poirier already has a relationship with one of the biggest lithium consumers - Tesla. And when Bearing Resources updated resource report is announced, other lithium buyers could soon be banging on Bearing Resources' door.
Today, high-grade lithium like Bearing Resources' 600,000 tons is selling for $9,100 a ton. Lithium demand growth is accelerating and outpacing growth in supply.
A squeeze is coming. Companies like Tesla and even China are already securing access to the 21st century's most precious metal. This $20 million company is sitting on the world's highest-grade source of undeveloped lithium. And 600,000 tons of lithium is just the start. The new resource report could show that Bearing Resources has 1.5 million to 2 million tons.
It's an exciting time for investors. Lithium is the future of energy. And Bearing Resources Ltd. (BRZ.V; BRGRF) is the future of lithium production. The lithium boom is worth billions. And Bearing Resources is in a great position to potentially capture a big part of it.
Here are 5 other companies in the space worth watching:
Delphi Automotive
Delphi is a world-class supplier of technologies for the automotive and commercial vehicle market. Currently, Delphi is investing in driverless car technology and has successfully tested driverless vehicles. We like Delphi as a mid-term to long-term play as it is at the core of this breakthrough technology.
Magna International, Inc.
A division of this Ontario-based company, Magna E Systems, produces innovative complete-vehicle solutions and integrates components and systems for electric and hybrid cars. As the electric car boom continues, it will be a company to watch.
Plug Power IncPlug Power Inc. is one of the most respected providers of alternative energy technology, Plug Power Inc. is a company to watch as energy storage tech continues to boom. This company's fuel cells will benefit hugely from ethical cobalt production, using cobalt as a replacement for platinum-activated catalysts which are far more expensive.
Vale SA
Being one of the largest producers outside of the Democratic Republic of Congo, this Brazilian mining giant produced over 5,200 tons of cobalt in 2016 from Canadian sites in Ontario, New Caledonia and Manitoba. We see Vale as one of the best run cobalt miners out there.
AES Corp.
AES is one of the biggest names in energy storage, the major bottleneck in energy at this moment in time. Next to battery giants Tesla and Panasonic, we see AES as the most influential and innovative battery manufacturer
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