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Sunday, June 23, 2024

The ‘land grab’ for lithium is just getting started with GM deal, says EV materials expert

By Catherine Clifford, CNBC

General Motors’ announcement on Tuesday that it plans to invest $650 million into Lithium Americas to secure access to lithium is probably the first of many such deals, according to Simon Moores, the CEO of Benchmark Mineral Intelligence, a market intelligence company that tracks the supply chain of lithium-ion batteries to electric vehicles.

“Many of these industries have to be built from scratch, certainly lithium-ion batteries and electric vehicles, the whole blueprint, the whole infrastructure is being built, literally, from scratch,” Moores told CNBC.

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Image by Finnrich from Pixabay 

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