ISTANBUL (AP) — A cargo ship sank off Turkey's Black Sea coast on Sunday, leaving at least three people dead, Turkish authorities said. Six others were rescued.
The transport ministry said the Palau-flagged ship named Arvin had anchored off the port of Bartin in northern Turkey due to bad weather, before breaking into two pieces and sinking.
Emergency workers saved at least six crew members and reached the bodies of two others, the ministry's naval branch said on Twitter. Bartin's Gov. Sinan Guner said a third person had died, according to the official Anadolu news agency.
The navy sent a frigate to assist rescue efforts. The transport ministry said the ship had 12 crew members, including two Russians and 10 Ukrainians.
The cargo ship was en route to Bulgaria from Georgia but the Black Sea region has been buffeted by heavy rains, snow and strong winds.
7 Lithium Stocks That Will Power the Electric Vehicle Boom
Demand for lithium is set to increase exponentially in the next few years. In fact, according to Statista, demand for lithium may very well double to 820,000 tons in that time. Some of that demand will come from companies that are manufacturing the batteries that we use every day. For example, lithium is an essential component of the batteries that power our mobile devices.
But the real growth will come as the United States goes all-in on electric vehicles (EVs). The Biden administration recently announced plans to have the U.S. government’s fleet of over 600,000 vehicles converted to EVs.
And as you’re aware, EV stocks are in a bubble of some sort at the moment. Some of that is due to the increasing number of companies that went public last year. However, as investors are beginning to realize, not all of these companies will be the next Tesla. In fact, some of these companies may never be successful at bringing an EV to market, at least not at the scale that will be required.
The ones that do make it will need lithium and lots of it. To help you sift through the best lithium stocks to buy, we’ve put together this special presentation.
View the "7 Lithium Stocks That Will Power the Electric Vehicle Boom".