Good News & Bad News, page-1432

Don't ya just love competition . Following Fords multi Billion dollar investment increase for EV's General Motors has just announced it will up the anti and increase its own investment by 75% to $35 Billion - including the build of two additional battery factories. So between the three biggest legacy car manufacturers (Ford, GM and VW) they have committed $151 Billion to EV's over the next 3/5 years. To top this off GM are about to meet with the Leader of The House (Nancy P) to lobby for buyer EV incentives to the tune of circa >$12,000 per vehicle - along with bucket loads of $bucks to aid manufacturers to retool for EV's. And one can speculate that these monies could well be forthcoming, given Biden recently stated that he wants the US to dominate the EV world at the expense of China - yet another dynamic in the competitive nature of the EV revolution.

Amongst all this jockeying for position are the lithium miners of whom hold the "key ingredient." If they aren't already they have entered the prize realm of a sellers market - need I say more?