$1.9 Trillion EV Battery Boom: There’s huge demand for these critical battery metals. And that could help send these undiscovered stocks soaring 475%…. 579%… and even 810%! Go here ASAP for urgent details.
Lithium could run out by 2025.
That’s the latest prediction from UBS – the largest bank in Switzerland.
UBS warns that Electric Vehicles (EVs) are causing a surge of demand for battery metals such as lithium. And there simply aren’t enough readily available deposits of these minerals.
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Today, people who want to own an EV are willing to pay a premium. However, within 3 years EVs are expected to cost the same as gas powered cars.
That will be the tipping point for EVs.
UBS expects that EVs will quickly grow to nearly 50% of new car sales by 2030.
Adoption of EVs is happening faster than previously estimated. Currently EVs make up just 4% of new car sales. That’s expected to reach 20% in 2025 and 50% by 2030.
Consumers want to buy EVs.
Automakers are prepared to make more EVs.
That’s why General Motors (NYSE: GM) is investing $35 billion to make EVs. Ford (NYSE: F) has committed $29 billion. And Volkswagen (OTC: VWAGY) earmarked $86 billion.
All of these new EVs require considerable amounts of battery metals. And it looks like there isn’t enough of these materials to meet demand.
“There is not sufficient supply to meet this demand projection based on our knowledge of known projects today. That includes all projects whether they are under construction, in feasibility or still in exploration,” explained UBS’s Global Head of Mining Research.
The firm expects that the world will see a lithium shortage by 2025. The following chart shows soaring demand exceeding supply within 4-years.
That’s why UBS is raising its price estimate on lithium by 20%.
The price of lithium must rise in order to see increased production. Higher prices would encourage existing operators such as Albemarle (NYSE: ALB) to increase production of lithium at current mines.
Plus, higher prices would encourage exploration and development of new projects.
Frankly, this puts automakers like Tesla Motors (NASDAQ: TSLA) in an uncertain situation. However, it’s actually good news for battery metal stocks.
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