Big news hit the markets this week as Tesla's (TSLA) Gigafactory was activated outside Reno, Nevada producing batteries and possible cars soon. For years batteries were dominated by Asia, but now the US is leading the world with possibly 4k new jobs being added this year on top of the close to 3k employees already employed at the Gigafactory.
I expect this catalyst could have a boom on the Lithium ETF (LIT), Tesla (TSLA) and our top notch junior mining equities exploring and developing lithium, cobalt and graphite assets. Tesla needs to manufacturer a lot of batteries to produce its goal of 500k electric cars by 2018. This is an ambitious plan as the risk lies in the raw material supply.
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Lithium Stocks Breaking Out From 2 Year Base on New Tesla Gigafactory
