All of these efforts are part of a push by automakers to secure reliable and steady supplies of battery metals. These tie-ups are also great for mining companies, which will not only gain a lucrative new customer base but also greater visibility on what resources the car industry needs and in what amounts. Above all, carmakers want to make sure that a situation like the global chip shortage that has been derailing vehicle production for months doesn’t happen again as EV sales take off. https://www.bloomberg.com/news/newsletters/2021-08-19/car-industry-mingles-with-miners-in-blitz-for-battery-materials
EMH Price at posting:
$1.60 Sentiment: Buy Disclosure: Held
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