92 Resources Corp. (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) is Poised to Deliver Lithium as EV Manufacturers Seek to Secure Supplies
Electric vehicle production is driving demand for lithium RGDCF controls five lithium properties Smart phones and other mobile devices also require lithium With concern about dwindling supplies of lithium carbonate growing, prices for the compound used in the cathodes of batteries have more than doubled since 2015. Prices are expected to hit US$12,000 per tonne, according to the Driving Disruption report issued by investment bank UBS, and while there are adequate reserves of the metal, bringing it to market quickly enough may pose a challenge. This prognosis has manufacturers of electric vehicles scrambling to secure supplies. It is very likely…
