The Reserve Bank of Australia has forecast a boom for copper and lithium exports as renewable energy generation and electric cars gain traction – according to an article in The Australian.
The article mentions the RBA notes a boom in rechargeable lithium ion battery sales is likely as exports of copper and lithium are set to drive commodity sector growth in the medium-term, while iron ore producers face a "mixed outlook".
Lithium stocks to watch include Galaxy Resources Limited (ASX: GXY), Orocobre Limited (ASX: ORE) and Pilbara Minerals Ltd (ASX: PLS) as earnings season findings weigh on share prices across the sector.
The big names like BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) are always on watch in the iron ore space, with BHP starting off the week in the red, down 0.8%, and Rio also down 1.5%.
