ASX-listed lithium stocks rallied on Thursday after Elon Musk’s electric car maker Tesla signed its first deal with an Australian miner.
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Car makers around the world are rushing to lock down long-term supplies of material such as lithium that are needed in batteries and other electric car components.
>> Scroll down for a list of ASX small cap stocks with exposure to lithium
EUR is listed here
https://unauthorised investment adv...make-gains-after-kidmans-big-deal-with-tesla/
More than 35 small caps have lost ground since January — some significantly.
Reedy Lagoon is down 82 per cent for the year-to-date, while Anson, Pepinnini, Lake Resources, European Metals and Jadar Lithium have all lost more than half their value.
Still, most investors who got in at least a year ago are sitting on strong gains.
Apart from Kidman’s five-bagger performance over the past year, AVZ Minerals is ahead 330 per cent, European Lithium is up 270 per cent and Lepidico has gained more than.
The West Australian government is now working with local players to develop a lithium and battery mineral industry.
https://unauthorised investment adv...make-gains-after-kidmans-big-deal-with-tesla/
ASX-listed lithium stocks rallied on Thursday after Elon Musk’s electric car maker Tesla signed its first deal with an Australian miner.
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