A different spin on the overall EV thematic, and do we see activist investors/funds warning divestment in legacy Auto OEM's if they don't start addressing the deficit of critical raw materials, interesting.If the EV “transition” continues I predict a consolidation of the global non-Chinese OEM automotive industry. Many famous names will go the way of the Dodo. Avoid automotive stocks where the management avoids addressing the rationing problems for lithium and rare earths.
The Robin Hood effect; moving the supply production target farther and farther away ceases to be effective when the price of lithium gets so high that the U-Curve asserts itself and batteries get too expensive to compete with fossil fuels.
Watch out if more South Americans, Africans, and Indians want BEVs, electric bikes, electric scooters, and the like. All will need lithium and the rare earths.
https://investorintel.com/markets/technology-metals/technology-metals-intel/why-lithium-and-rare-earths-are-truly-a-bull-market-and-the-ev-transition-is-just-bull/
Good News & Bad News, page-1210
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