SANTIAGO – Lithium miners are seeing investor interest go up in smoke. The flow of capital into the cannabis industry is draining investments into lithium producers that supply the raw mineral key to power the electric-vehicle revolution.
Mining companies and analysts at the Lithium Supply and Markets Conference in Santiago this week said they couldn’t help but notice the half-empty rooms at the sessions – and the lack of investors and fund managers among attendants.
The picture was remarkably different from last year’s event, when prices for the mineral used in rechargeable batteries were at historic highs. This year prices have fallen 17%. Continue Reading →