As Lithium Booms, Some Analysts Sound Note Of Caution

Jon Alternative Media, Blogosphere, Politics

In ‘Mad Scramble for Lithium Mines From Congo to Cornwall’, Bloomberg puts some colour on current conditions in the red hot sub-sector.
For evidence of just how hot battery ingredient lithium is right now, look no further than Australia’s AVZ Minerals Ltd. A penny stock until a few months ago, the mining hopeful has surged about 1,300 percent this year. The proposition: recasting a remote, century-old tin mine in the Democratic Republic of Congo as a supplier of lithium needed to power electric cars. While its rise has been dramatic, AVZ isn’t alone in the rush to position for a rechargeable-battery boom.
In the U. K., a company (Cornish Lithium) founded by former investment banker Jeremy Wrathall Cornish Lithium is planning to tap thermal springs in Cornwall, a region more famous for its beach coves.
Cornish beach cove…but have you tried driving to one from London (takes hours).

This post was published at Zero Hedge on Oct 26, 2017.