Battery Boom Heats Lithium Gains as Outback Mining Stocks Soar
“There’s a step change going on right now,” as electric car sales rise and hybrid vehicles switch to lithium ion batteries, said Michael Fotios, executive chairman of General Mining Corp., which is seeking to begin exports by July of the lithium-bearing mineral spodumene from Western Australia’s Mt. Cattlin project. “Raw material supply hasn’t kept pace, and probably can’t keep pace with the projected demand.”
