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Showing posts from July, 2018

Is the lithium stock play still running hot in Australia

Everyone needs batteries, does that really mean that lithium stocks are a good buy.  Australia’s Lithium stocks have staged a spectacular run of late. The share prices of miners such as General Mining Corp (GMM:ASX), Pilbara Minerals (PLS:ASX) and Neometals Limited (NMT:ASX) skyrocketing several hundred percent. But are we too late to get in at the right price.
Most analysts now expect global lithium carbonate demand to double or even triple by 2030. In China alone, five million so called “new energy’’ electric vehicles are expected to hit the road by 2020 and in the West the electric car revolution is moving from being of niche interest and into the mainstream. The world’s biggest mine – Talison at Greenbushes in Western Australia – produces around a quarter of the world’s lithium supply and is owned by heavyweights China’s Tianqi Lithium and US company Albermarle.
List of lithium stocks in Australia

Galaxy Resources (ASX: GXY) Galaxy resources has been a star of the lithium miners, gainin…