I mean, you kinda knew this was coming. Look at all your tech devices. How many have lithium battery technology?
And, like all commodities that suddenly become vogue (think kale, quinoa, cadium, etc.) there is a current dearth of opportunities into buying and selling lithium, leading some investors to believe that a lithium futures contract might one day be a reality.
The future of electric vehicles has led several investors to view lithium as the hot new commodity.
Governments and car manufacturers alike have taken steps to electrify fleets and further phase out the combustion engine. In turn, a number of traders now believe lithium to be a high-return investment as demand soars.
This is no surprise; lithium is a vital component to lithium-ion batteries. These rechargeable batteries are used in devices as common as smartphones and laptops. They have increasingly become popular with electric car manufacturers due to being able to produce more electricity per unit than conventional batteries.
Are you ready to invest in lithium futures products?
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