MrRodgers
Posts: 10542
Joined: 7/30/2005 Status: offline
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On May 15 2017 it was reported "Lithium Boom II And Cobalt Boom II Are Coming Soon". In that article, we looked for lithium and cobalt boom II to start in 2018 as electric vehicles (EVs) begin to take off in ever increasing numbers helped along by Tesla (TSLA) Model 3." Then something very dramatic happened on September 11, 2017. The Chinese announced a plan to ban internal combustion engine ((NYSE:ICE)) vehicles, with no date yet set. This has led to the start of the EV/lithium/cobalt boom II somewhat earlier than I had thought. Added to this the UK, Germany, France, and the Netherlands have all announced plans to ban ICE vehicles, as has the cities of London, Paris, Stuttgart, Mexico City, Madrid, and Athens. Norway plans to go 100% EVs and is well on the way, and India hopes to go fully electric by 2030. The main beneficiaries to date from the China ban plan announcement have been some EV manufacturers, the lithium miners, and to a lesser extent the cobalt and graphite miners. The ICE equipped cars will soon become collector's cars and will be driven under restrictions as regulated by the feds. For those still living take heed, I say by 2050, the gas/diesel ICE is history. HERE
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You can be a murderous tyrant and the world will remember you fondly but fuck one horse and you will be a horse fucker for all eternity. Catherine the Great Under capitalism, man exploits man. Under communism, it's just the opposite. J K Galbraith
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