A recent article in the Financial Review highlighted Ralph Sarich and his interest in Galaxy Resources Limited (ASX:GXY).
Another emerging technology has also proved to be a good investment for Sarich when it comes to the sharemarket. Prices of lithium are forecast to keep increasing in the next few years, given it is a key ingredient in lithium-ion battery applications used in electric vehicles and other emerging technologies.
Sarich has a small shareholding in listed junior miner Galaxy Resources. Its market capitalisation has reached about $265 million and Galaxy shares have surged 740 per cent in the past 12 months.
Galaxy has lithium production facilities, mines and assets in Australia, Canada and Argentina. Production from its Mt Cattlin joint venture in Western Australia is set to begin this month.