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.
