With higher demand for electric vehicles, we need as much lithium as possible. Unfortunately, there may not be enough of it to go around, according to Stellantis CEO Carlos Tavares.
“We know that we need lithium. We know that we are not producing as much as we need. We have right now 1.3 billion cars (that are) internal combustion engine powered on the planet. We need to replace that with clean mobility. That will need a lot of lithium. Not only the lithium may not be enough, but the concentration of the mining of lithium may create other geopolitical issues,” he said, as quoted by The Detroit News.
That should be great news for lithium stocks, like Lithium Americas (LAC), which is currently working on its Thacker Pass lithium project along with General Motors.