Oversupply of lithium ?, ignore the naysayers. There’s no bubble here.

Everyone’s talking about electric cars, and lithium miners are getting more than a kick out of it. They’re enjoying share price rallies and growth prospects, all thanks to its demand-growth predictions.

This year the demand prospects for the abundant metal improved quickly and substantially, after the UK became the third European country after France and Norway to set a deadline for the phase-out of internal combustion engine vehicles and shortly after energy gluttons China and India announced similar plans.

These are long-term initiatives, with an equally long-term lithium demand. Throw in the slew of new EV project announcements from several carmakers and lithium’s future seems more than bright, as does the future of the companies that mine it.

Lithium miners are one of very few ways to gain exposure to the metal. There are no lithium futures yet, although there’s growing talkabout changing this. There are lithium-focused ETFs comprised of a basket of miners and battery makers, and then there are the battery and EV makers themselves. However, with carmakers currently recording losses on their electric car projects, lithium miners seem to be the better bet—for now at least.