Stocks and Beers with Rich: Why Lithium Will Stay Fully Charged
Welcome to Stocks and Beers with Rich!
When you combine the rising demand with the difficulties in producing lithium, the main component of the EV battery, you can see why the lithium price isn’t coming down any time soon.
We’re sure many of you are feeling the same pain as Rich is feeling from market jitters, but we’re here to tell you that there is light in the proverbial tunnel: Electric Vehicles. Rich breaks down key ASX lithium producers and the market conditions that make them durable investments.
If you are interested in learning more about the mining sector and how to invest in this area read more here.
In this Week's Stock News
Industry forecasts the EV market share to increase 40 Million units solid yearly, but there’s only supply for 10 Million.
Find out which producers are in the box seat!
Pilbara Minerals (ASX:PLS) is a top contender with hard cash, having purchased an adjacent lithium plant on the cheap.
Talking of hard cash: Allkem (ASX:AKE) is another large industry player, which is self-funding growth, such as its Sal de Vida Project in Argentina.
With institutions selling out of small caps it’s a buyer’s market, just remember don’t chase, stay patient, and opportunities will come. That’s where Rich and his team come in!
What are they looking for? Forced sellers of quality assets, and Small Cap stocks caught in the crossfire. The key is hunting for strong fundamentals.
This Week's Stocks News:
Pilbara Minerals (ASX:PLS)
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For this week’s beer we’re going international with the collaboration “Regina” beer between Italy and Canberra’s Bent Spoke Brewing Co. Exotic! Watch the video to see what Rich thinks!
If you have any beer or stock recommendations, leave them in the comments and we'll try it out!
Read more about Investing in Small Caps. Why we picked these ASX Small Cap gems and their outstanding performance.
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