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Millennial Lithium use of technology is driving lithium demand
Jul. 27, 2017 09:22AM PST
Battery Metals
Millennial Lithium (TSXV:ML;OTCQB:MLNLF) (“Millennial” or the “Company”) President Kyle Stevenson, say’s the world supply of lithium must increase exponentially in order to meet the future demand. Fortunately, Millennial Lithium is in a position to help fill the future supply gap predicted by many analysts. As quoted in the article: Evidence of that is the demand for …
Millennial Lithium (TSXV:ML;OTCQB:MLNLF) (“Millennial” or the “Company”) President Kyle Stevenson, say’s the world supply of lithium must increase exponentially in order to meet the future demand. Fortunately, Millennial Lithium is in a position to help fill the future supply gap predicted by many analysts.
As quoted in the article:
Evidence of that is the demand for the new Tesla Model 3 EV, which is about to go into production. Reasonably priced at about $35,000, Tesla has 400,000 advance orders for this cutting-edge vehicle. But a shortage of lithium for the crucial batteries is putting the brakes on production. Tesla can only produce between 100,000–150,000 vehicles a year due to the lithium shortage.
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