Why is Elon Musk interested in this market sector?
| Dear Reader, Elon Musk had this to say recently about lithium: ‘You can’t lose, it’s a license to print money.’ It’s a challenge for anyone bold enough to solve the global lithium shortage — and one tiny ASX stock is taking him up on it. See, lithium is a critical component of the EV battery. But while global EV sales doubled in 2021 (in Australia, it TRIPLED), lithium output grew by just 32%. Lithium can’t catch up, and it’s causing headaches for EV manufacturers. It’s so bad that Elon once said that ‘Tesla might actually have to get into the mining and refining directly at scale, unless costs improve’. Which is where this tiny ASX stock comes in. It’s a gold mining firm setting its sights on developing other EV resources. In fact, it has already partnered with a major Aussie lithium producer. It’s also run by two highly experienced resource men who cashed out of a major mining play for half a billion dollars in 2010. The best part? There are three ways you can potentially profit from this stock. I reveal them in this video briefing I prepared. Sincerely, Callum Newman, Editor, Australian Small-Cap Investigator |
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