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A Major Supply Shortage Is Set To Hit Lithium Markets – OilPrice.com
Tesla’s announcement that it would produce its own lithium sent some mining stocks crashing, but there is still likely to be a supply shortage by 2025
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By Tsvetana Paraskova – Sep 30, 2020, 4:00 PM CDTLithium producers do not feel threatened by Tesla’s plan to produce lithium in Nevada. Miners, as well as analysts, believe that despite the recent drop in lithium prices, the industry is in for a supply shortage after 2025 as automakers significantly ramp up electric vehicle (EV) production. Massive amounts of additional lithium supply will be neede…
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