Mississauga, ON -- (SBWIRE) -- 11/28/2017 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its latest spotlight company Bearing Lithium Corp. (TSX-Venture:BRZ) (OTCQB:BRGRF).
Elon Musk and Tesla (NASDAQ:TSLA) shook up the electric vehicle market once again on Thursday, revealing their new electric tractor trailer with a 500-mile range that the company guarantees won't break down for one million miles thanks in part to utilizing four independent motors. Demand is already there, with trucking company J.B. Hunt (NASDAQ:JBHT) reserving "multiple" semis, grocery chain/retailer Meier Inc. reserving four semis and Wal-Mart (NYSE:WMT) saying it too wants to try the trucks expected to be in production in 2019. Tesla also unveiled its new, blistering-fast Roadster, forecast to cost in excess of $200,000 and be delivered in 2020.
The news is the latest in a string of industry developments as the EV movement continues to gain momentum. In turn, the growth curve starting to take off is sparking concerns of supply shortfalls of metals necessary to make the Lithium-ion, or Li-ion, batteries powering the vehicles. The Tesla Model S, for example, requires 51 kilograms of lithium for its battery. Worries about deliveries of battery-grade lithium keeping up with demand have pushed prices skyward in recent years, including tacking on another 30+% this year to a record $12,000 per tonne.
As for high grade lithium, the world's best comes from Chile, one corner in the vaunted "lithium triangle" of Chile, Argentina and Bolivia, home to over half of the world's identified lithium resources. A closer look shows Chile to host the highest-grade lithium brine salars, more succinctly the Salar de Atacama, famous for its high-grade, low-cost operations that accounts for about 40% of global lithium production and 100% of Chile's lithium production.
A complete FCC profile can be viewed at:
http://www.allpennystocks.com/SpotLight/22/Bearing-Lithium-Corp.htm
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Note AllPennyStocks.com has been compensated two thousand five hundred dollars from a third-party, NativeAds, Inc. for its efforts in presenting the BRZ profile on its web site and distributing it to its database of subscribers as well as other services.
A full disclaimer on BRZ can be found at: http://www.allpennystocks.com/SpotLight/22/Bearing-Lithium-Corp.htm.