Back during the California gold rush, few gold miners actually struck it rich.
But you know who did? The guys that sold the shovels and picks. Every gold miner was happy to pay handsomely for the necessary tools — hence, the age-old business advice to “sell shovels during a gold rush.”
Today, I see a similar opportunity in the EV revolution, and I wanted to provide this trade idea to you for free.
Now, we’re not investing in EV companies (forget about Tesla for now)...
But the firms that supply what they need.
I’m talking about Livent Corporation (NYSE: LTHM). LTHM creates and distributes lithium compounds — the stuff they make most EV batteries with.
With Biden’s infrastructure bill allocating lots of money to EV infrastructure, I think this company is prepped for great profit potential…
And I shot a video to break this opportunity down further.
Watch the video above to learn some of the details...
Then click here to learn how I spot opportunities like this one!
