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The Top 3 Lithium Stocks to Consider Right Now by Ian Cooper
The electric vehicle boom is only accelerating.
Governments all over the world want more of them on the roads. Nearly 70% of Americans are interested in buying them. Auto maker factories are being overhauled to produce electric cars, says CNN, and automakers are “snapping up every battery they can find.”
According to NBC News, "The auto industry is shifting from internal combustion technology to emissions-free battery and hydrogen powertrains. Several traditional brands have also committed to a complete transition, with Bentley recently laying out a target date of 2030 to switch entirely to battery-electric vehicles, or BEVs. Nissan this week said it will electrify all models by the ‘early 2030s,’ but that will include gas-electric hybrids as well as BEVs."
By 2030, we could see about 250 million EVs on the road.
Today, the EV market is worth about $121.8 billion. By 2027, according to Blue Weave Consulting, it could be worth about $263.3 billion.
But there’s a massive problem…
One that could put the brakes on a potentially massive electric vehicle boom.
Right now, the world is struggling to get its hands on a key element, lithium, which is why prices are only likely to accelerate.
One market that is especially popular is the foreign exchange (forex) market. With electronic trading in currency futures, the proliferation of cash forex firms and mini and micro contracts, and the expansion of global markets, currencies have become a favorite of traders worldwide and, arguably, the most important market of all because of their effect on so many other markets.
Most of the electronic markets we trade involve a one-way decision. For example, if our signals indicate soybean prices are likely to go higher, we buy; if the signals indicate soybean prices are headed lower, we sell. We are either long or short.
But forex trades are always trading spreads – or “pairs” in forex market lingo. That is, you are always long one currency and short another, simultaneously buying one currency and selling another. The price of each currency in a pair is constantly fluctuating relative to other world currencies. For example, if the British pound is stronger than the Japanese yen, the British pound/Japanese yen pair will go up in price. Similarly, if the yen suddenly becomes stronger, the price of the pair will go down. As these changes occur, profits and losses are measured in terms of one currency vs. another.
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