Yorkton Ventures Inc.
Commented by Nico Popp on January 19th, 2022 | 14:13 CET
Gold rush in the lithium market: BMW, Yorkton Ventures, Rock Tech Lithium
An entire industry is turning itself inside out. The revolution in the car market will pick up speed in the coming years. As a study by Deloitte shows, sales of battery-powered vehicles could rise from 210,000 in 2022 to 960,000 in 2030. Between 2022 and 2026 alone, market experts expect sales of electric cars in Germany to double. So it is no wonder that a gold-rush mood is already spreading around some companies. We take a closer look at three shares.
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Commented by Stefan Feulner on January 14th, 2022 | 13:29 CET
BYD, Yorkton Ventures, BMW - An expensive boom
The electric carmakers' annual figures are out, and they show rapid growth for both BYD and BMW. Despite the pandemic and the shortage of semiconductors, the automakers were able to double deliveries in some cases. The industry also expects a continued boom in e-mobility in 2022. The Association of International Motor Vehicle Manufacturers forecasts around 850,000 new registrations for electric vehicles in Germany in 2022. In addition to the sales figures, however, the prices for the raw materials required are also growing. Lithium alone, which is essential for batteries, has more than tripled in price since June of last year and is currently reaching new highs almost daily.
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