Does EV demand make lithium less speculative?

As primarily a tech investor I typically dismiss small and mid-cap mining stocks as high-risk and high volatility. So, I surprised even myself this week by starting to look more closely at Bacanora Lithium (LSE: BCN) and Savannah Resources (LSE: SAV).

Electric vehicles, or EVs, rely heavily on lithium as it is a key ingredient of lithium-ion batteries. The number of vehicles that rely on lithium has skyrocketed in recent years, with the number of EVs jumping from 17,000 in 2010 to upwards of 10 million in 2020.

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For more information on Tej Kohli as a philanthropist visit tejkohliruit.com and to read more of his views go to his Medium.

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Find out more about Tej Kohli: Tej Kohli the technologist investing in human triumph, Tej Kohli the philanthropist trying to cure the developing world of cataracts and Tej Kohli the London tycoon with a generous streak.