To The Moon

We’re all aware that countries are uniting to push forward with clean energy like never before, so the next guaranteed market 💥boom💥 will be for stocks that are involved in clean energy. However, many companies are in the R&D phase & I’m not very keen to buy new start-ups due to the risks involved. Many of the IPOs skyrocketed🚀🚀🚀 then plunged very badly🪨🪨🪨 For those who have been reading my posts, you would know that I’m a medium to low risk investor & capital preservation is 🔑 for me😬 As such, I will always be finding strategies to invest & trade stocks safely🤓 Today, I’m sharing my strategy for choosing lithium stocks🥰 What better way to invest in lithium stocks than to choose the suppliers of Tesla which has the BIGGEST EV share in the 🌎 right now🤩⁉️ To me, this is a safer way to invest in lithium stocks because we know that: ⭐️ The lithium company will have a consistent & continual demand. ⭐️ Musk is all about spearheading the most advanced technology, hence, he will be choosing the best lithium companies to work with so as to not affect the quality of Tesla’s cars ➡️ If a company has high-quality lithium, then other EV & clean energy companies will come to them eventually too😉 TA-DA‼️Here is a list of Tesla’s listed lithium suppliers that I can find: (1) Tesla has binding sales agreement with Piedmont Lithium $Piedmont Lithium Ltd(PLL)$$Piedmont Lithium(PLL.AU)$for an initial 5 years on a fixed-price basis & can be extended a further 5 years by mutual agreement. Piedmont noted the agreement with Tesla covers a fixed commitment for about one-third of its planned 160,000 tonne per annum spodumene production. Tesla also has the option to purchase more. (2) Tesla signed a 5-year off-take supply agreement with Australia’s Liontown Resources $Liontown Resources Ltd(LTR.AU)$which will provide more than 100,000 tonnes of lithium spodumene concentrate a year, starting in 2024. Tesla will receive an annual amount of 150,000 tonnes of lithium spodumene concentrate for the remaining 4 years of the contract. (3) Core Lithium $Core Exploration Ltd(CXO.AU)$has signed a legally binding term sheet with Tesla for the supply of lithium spodumene concentrate for processing as an input into Tesla’s lithium-ion battery production. Under the deal, Core Lithium will supply Tesla with up to 110,000 tonnes of the lithium spodumene concentrate over 4 years, with Tesla committing to support the Australian company with the development of a proposed chemical processing capacity. The final purchase agreement is expected to provide a supply commencement before July 31, 2023. (4) Tesla signed a new framework agreement with Ganfeng Lithium (OTC:GNENF) (SZ: 002460) (HKG: 1772) in 2021 (extending their partnership from 2018), for the supply of lithium hydroxide for 3 years starting in 2022. The sales volume & order value are to be determined on the basis of Tesla’s specific orders. (5) Sayona Mining $Sayona Mining Ltd(SYA.AU)$has a strategic partnership with its 19.9% shareholder Piedmont Lithium which last year won a contract to supply Tesla ➡️ I probably won’t choose this stock as it’s unsure how much lithium Sayona would be providing given that it’s not a direct off-take agreement. I will be sharing more details for each company in my subsequent posts, so do keep a look-out😉 Click on the Snoopy icon to access related lithium posts from me: (1) Lithium ETFs Comparison:🌎 LIT VS BATT🔋 (2)🚆Hop on Before It’s Too Late: Lithium is the New Gold‼️ Fellow 🐯🐯🐯, which of the above lithium stocks are you bullish for❓ Do share your thoughts with me in the comments section & please help to like my posts, many thanks 🤗 As usual-🤔💭 Consider POV & Actions of investors + 👩🏻‍💻👨🏻‍💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰 Source websites: Bloomberg, Teslarati, Renew Economy, & company websites. @Daily_Discussion(12/8) @TigerStars@CaptainTiger@MillionaireTiger@ASX_Stars@Tiger_AU