The 'land grab' for lithium is just getting started with GM deal, says EV materials expert
Publishing timestamp: 2023-01-31 14:52:15
Summary
General Motors' announcement to invest $650 million into Lithium Americas to secure access to lithium is likely the first of many such deals. Automakers are realizing that the only way to guarantee lithium supplies is to own or have a controlling stake in the source. Going forward, automakers will need to make even larger investments in mining. Nickel will also be important for automakers, in addition to lithium. Prices for lithium carbonate have been on an absolute tear as of late, and the rush for lithium has just started. This land grab will last the next decade.
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Keywords: general motors co, business news, climate, transportation, lithium americas corp,