Tesla, Apple and Uber demand pushing lithium prices even higher

AFTER more than tripling in price this year, lithium is no longer that dull commodity we take for granted in our consumer electronics. It's the commodity powering the next, undeniable energy revolution. The tight supply picture emerging as electric cars, mega- batteries and massive energy storage solutions become the cornerstones of our lives could be on the edge of turning new lithium explorers into the next barons.

Lithium now appears to be at a crucial moment in time: the moment when profits in the industry begin to elevate market valuations, and when consolidation starts to boost gains for all those junior explorers who have been scooping up land in the world's lithium sweet spots.

"This is a market that will not slow down and wait for anyone," Iain Scarr, VP of exploration and development for Millennial Lithium Corp - a developer with key acreage in lithium-rich Argentina - told Oilpric…