Global EV penetration is expected to rise to 40% by 2030, with the number of EVs predicted to reach 26 million units by 2026. According to industry expert Bruce Cheng, global EV penetration will hit 17% in 2023, 24% by 2024, and almost 33% by 2025. With these projections, it’s no surprise that investors are keeping a keen eye on the automotive and energy sectors. But there’s one company that has caught our attention. This company is poised to meet the surging demand for electric vehicles and high-intensity battery applications, making them a prime contender to reap the benefits of this booming industry.
So, who is this mystery company? Find out in today’s trade alert as we uncover their innovative solutions and why they could be a key element in the future of electrification.
“Project X” – Elon’s next big move
Elon Musk is testing the key to an $809 billion market revolution, and I’m not talking about electric car batteries. Dozens of industries, worth billions and trillions of dollars, will be transformed by this technology, and they can’t do it without this ONE company’s patented device…[Full Story…]
Sociedad Química y Minera de Chile (SQM)
Global demand for lithium is expected to surge more than 500% by 2030, according to the public-private alliance Li-Bridge. Sociedad Química y Minera de Chile has tremendous lithium production capabilities and current reserves. Operating in one of the world’s more stable and reliable low-cost mining countries, Chile, SQM is also highly profitable.
Shares have dipped 10% in the past six months thanks to fears of an economic slowdown. While that is a legitimate risk for 2023, over the longer haul, lithium should remain in high demand. SQM shares are changing hands for less than six times forward earnings while offering a nice 10.5% dividend yield.
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