U.S. government officials are expected to take part in a meeting set for the early part of May with automobile industry execs and lithium company reps to talk about a national electric vehicle supply chain strategy, sources tell Reuters.
Underpinning a growing sense of urgency in the EV industry, the U.S. only produces about 5% of the world's lithium-ion batteries and doesn't have the same level of access to lithium processing facilities as China.
Reps from Tesla (TSLA +2.6%), Ford (F -0.2%) and General Motors (GM+0.3%) are among those expected to attend the meeting to discuss the EV battery supply chain, along with execs from miners Albermarle (ALB +0.8%) and Livent (LTHM -0.7%). North Dakota Senator John Hoeven and Alaska Senator Lisa Murkowski have been invited.
Related stocks: Panasonic (OTCPK:PCRFF), Nissan (OTCPK:NSANY), Honda (NYSE:HMC), Toyota (NYSE:TM), Sociedad Quimica y Minera (NYSE:SQM), FMC (NYSE:FMC), Lithium Americas (NYSE:LAC), Lithium Americas (LAC).
Related ETF: Global X Lithium ETF (NYSEARCA:LIT)