Very tough business. My best friend is CFO of a small cap EV battery materials company. He can't tell me a lot because they are a public company but apparently it's a pain in the ass business.
Probably your best bet if you wanted to get exposure would be to buy an etf if you don't have some level of expertise in the industry.
That's cobalt and that's where the majority of the mineral is mined. Australia is actually the predominant source for lithium mining. China is by far and away the predominant source of lithium ion battery manufacture. I think around 75% of global supply. Sourcing the mineral closer to US would be a boon to western manufacture.
aaaand americans will do.... Duck and cover
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Once the EPA gets involved the deposit might as well not have been discovered.
Haha I just saw a post on LinkedIn the other day of some guy arguing with a Bitcoiner that Lithium is a better investment than Bitcoin.
Might be a good investment to increase wealth, but not store it long term.
I wonder how many people you have to trust to invest in a mineral generically
Very tough business. My best friend is CFO of a small cap EV battery materials company. He can't tell me a lot because they are a public company but apparently it's a pain in the ass business.
Probably your best bet if you wanted to get exposure would be to buy an etf if you don't have some level of expertise in the industry.
Bye bye Chinese battery market monopoly?
Perhaps! I always thought most of it was in Africa
That's cobalt and that's where the majority of the mineral is mined. Australia is actually the predominant source for lithium mining. China is by far and away the predominant source of lithium ion battery manufacture. I think around 75% of global supply. Sourcing the mineral closer to US would be a boon to western manufacture.
In region yes but I think a hefty chunk of that is funded by CCP capital.
Chile and Bolivia have the biggest reserve of lithium in the world.
China may end up developing the resources in USA
cost/processing/pollution
I guess something always has to be sacrificed and lithium doesn't grow out of the ground into a finished product.
Good luck getting a permit to mine it
Ah so that's why Afghanistan was abandoned
I think I need glasses. I first read "Lightning discovery in US volcano" hehe
Thought for a moment that LN development was really going crazy :)