Lithium Stocks to be Boosted by Chinese EV Demand Growth

Strategic efforts being made on behalf of the Chinese government on recharging, lithium-ion battery design, and fuel consumption, are likely to boost lithium stocks as new lithium supply is required to meet increasing demand.

The push to revolutionize the roads in Chinese cities with millions of electric vehicles (EVs) has the potential to pour down massive gains upon lithium companies large and small, including Albemarle (NYSE: ALB), FMC Corp. (NYSE: FMC), Galaxy Resources Limited (OTC: GALXF), Sociedad Quimica y Minera de Chile (NYSE: SQM) and NRG Metals Inc. (OTC: NRGMF) (TSX.V: NGZ).

Already, major automakers are lining up to service the massive Chinese vehicle market. Luxury automaker Rolls-Royce has hinted that even they are looking to move into the EV market. China is one of Rolls-Royce’s largest markets, and the clampdown …View the full post at: Lithium Stocks to be Boosted by Chinese EV Demand Growth

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