According to a recent article Tesla are going to start to produce their own batteries, they can see the issues with relying on the existing supply chain. So Elon has decided to build his own battery company to circumvent this problem, you've got to admire that guy, he gets the job done. Now how long do you think it will be before all the other car companies follow suit and 'create' their own supply chain. All this adds up to increased demand for lithium. link to article below.
A couple of interesting paragraphs are listed below,
THECaliforniacarmaker has quietly acquired Ontario-based Hibar Systems, which specializes in battery manufacturing. The companies have made no official announcement, but Electric Autonomy Canada learned from federal lobby registration documents that Hibar became a subsidiary ofTeslasometime between July and October. *************** If there’s any secret about Tesla’s battery-building ambitions, it’s hardly a well-kept one. At the company’s annual shareholder meeting in June, Elon Musk said he wasn’t ready to let the “cat out of the bag” yet, but said the company needed “to look further down the [battery] supply chain,” and might even get into the mining business. **************
This current down trend in lithium stocks will be coming to an end soon and quality assets like ours will not go unnoticed.
Hold them tight people, very interesting times ahead.
All imo and DYOR
MLL Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
