Page 3 - Lithium

Lithium makers hit gold with global push for e-vehicles

Lithium has suddenly become a favourite commodity among global investors, thanks to the rush towards electric vehicles the world over. Price of lithium, a metal used to make lithium-ion batteries, is on a surge (increasing threefold to about $20,000 per tonne since mid-2015). The push for e-vehicles has also doubled stock prices of leading lithium producers in the past year. Analysts are also giving 'Buy' calls on these stocks.Global lithium production was just 32,500 tonnes in 2016 and is expected to expand manifold to 300,000 tonnes by 2020, as mining companies have shown intent to add 20 lithium manufacturing sites to the existing 16. Earlier, lithium was being used only for mobile and laptop batteries. It is now being used to make batteries for electric vehicles. Currently, these batteries form almost half of an electric car's price.American company FMC Corporation, a NYSE-listed chemical maker, has seen its share price double to $94.55 over the past one year. In August, FMC ...