NIO Stock News – Are Lithium Stocks Worth Watching? Here’s One to Look At
The United States has more untapped lithium than economically mined reserves at this point According to USGS Mineral Commodity Specialist Brian Jaskula. He said this in 2017.
What’s Lithium Investing Landscape like now?
Standard Lithium (TSXV:SLL) is a leader in US lithium production. The company’s flagship is the over-150,000 acre Lanxess Project located in the Smackover brine region in southern Arkansas. Also, the company signed an agreement with two other operators.
Standard Lithium (TSXV:SLL) has agreements with Tetra Technologies (NYSE:TTI) and privately held National Chloride, which also holds a stake in the projects.
Since July of 2020, the stock has returned almost 300%. According to SimplyWallSt, the 1 year return for Standard Lithium (TSX-V:SLL) was 293.8%. Comparatively, the Canadian lithium market returned 36.6% over the same period.
Yesterday, the company released news that it has signed a loan facility with Lanxess Capital. Today, Standard Lithium’s (TSXV:SLL) stock rose 22 cents. This is no doubt in conjunction with the preliminary economic assessment (PEA) of its TETRA Property in Arkansas.
China-based NIO (NYSE:NIO), Volvo’s (STO:VOLV-B) EV project Polestar, Honda (TYO:7267) and others are all jumping on board the EV train. One reason this is happening in the 2020s and not the 2030s is Elon Musk’s decision to release the patent for Tesla’s cars. His move to stop selling Tesla (NYSE:(TSLA)) cars for Bitcoin prompted a big sustainability push in EVs, resulting in mineral companies becoming more environmentally conscious.