Insider time: investing in new oil

Insider time: investing in new oil Elon Musk, a lover of scandalous PR, calls lithium batteries the new oil. We offer you two shares worth less than $10 with a good prospect of profit.Musk intends to invest $375 mln in the construction of a state-of-the-art lithium processing plant in the most oil-producing US state, Texas. Tesla's business interest is understandable, but there are also smaller companies hoping to take advantage of the lithium trend and enter the market at the start of a new trend.We looked into the TipRanks database and found at least two companies that make lithium-ion batteries and intend to win this high-tech race. Microvast Holdings Inc (NYSE: MVST)The company's technological solutions are designed to power a wide range of electric vehicles. Microvast offers a comprehensive suite of services to support its customers, including battery system design and integration, testing and validation, and after-sales support. Company has manufacturing facilities in China, as well as facilities in Germany and the United States.The most optimistic analysts assume a price of $8 until the end of the year, which at the current price of $1.35 means an increase of almost 6 times. We think more modestly and define the first target in the $4.00-4.50 zone, and then after the correction, we can consider the $7.20-7.50 zone. LiCycle Holdings Corp (NYSE: LICY)Company won the 2023 Bloomberg New Energy Finance (BNEF) Pioneers Award in the Sustainable Materials for an Electrified Future category for its Spoke & Hub technology. Li-Cycle recycles lithium-ion batteries and recycles nearly 95% of materials such as lithium, cobalt, nickel and other precious metals back into the supply chain. Company has beneficial partnerships with Kion, Glencore and Renewance.The most optimistic forecast sees a price of $10 by the end of the year, a more realistic first target should be looked for in the $7.70-8.20 zone.We invest in the medium term and remember the risks.Profits to yall!#ForexChief #LiCycleHoldings #stocks #Market #forexnews #MicrovastHoldings #worldnews #nyse #ElonMusk