B. Kidd
Diamond Member
I’ll drop it since you are unable to deliver
but 3000 computer chips is still unbelievable
I thought so too. But that's what he said. It was also weird seeing cargo space under the hood instead of an engine.
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I’ll drop it since you are unable to deliver
but 3000 computer chips is still unbelievable
And EV cars are just a fraction of the demand. Good to know the ChiComs and Chile hold the cards, nice stable and reliable sources.
Automakers like General Motors and Ford have wowed Wall Street with flashy EV designs, technical prowess and plans to invest tens of billions of dollars. Yet they’ve literally put the cart before the horse: the lithium batteries needed to power the electric vehicle revolution.
Now investors are starting to say: “Show me the metal.” Among many key materials, lithium is the most indispensable.
Traditional automakers have hastily announced plans to build 13 lithium-ion battery plants in the U.S. by mid-decade. The planned ramp of EV production will triple demand for the light, silvery white metal by 2025. Yet supplies of lithium have little chance of keeping up.
Growing doubts about aggressive EV targets have contributed to a dive in General Motors (GM) and Ford Motor (F), along with shares of upstarts like Rivian and Lucid. Meanwhile, unquenchable demand and soaring prices have sent EV materials stocks including Albemarle (ALB), Lithium Americas Corp. (LAC) , MP Materials (MP) and Sociedad Quimica y Minera de Chile (SQM) on a wild ride.
EV 'Freak-Out Moment' Looms Over Lithium, Rare Earths
Lithium and rare earth shortages may wreck the great EV race. There's no quick fix.www.investors.com