Cant deny what’s coming....Simon Moore's ....battery metals not gold but may be the new gold ....can't stop what's comming the world over and we have to be part of it at FT....
"Investors are betting that the world’s shift towards electric vehicles and renewable energy will create a supercycle in the price of metals essential for building batteries. Shares in the Global Lithium and Battery ETF have risen about 170 per cent over the past year, while producers of lithium, a battery metal, have raised more than $2bn from investors during the past few months. Some of the most prominent names in the mining industry, such as Mick Davis and billionaire Robert Friedland, have also launched funds to invest in the sector. The surge in investor interest reflects the growing realisation that government pledges to reach net zero emissions of greenhouse gases by the middle of this century will demand huge quantities of battery metals. “It’s a gold rush on steroids,” said Simon Moores, managing director of Benchmark Mineral Intelligence, which tracks the battery supply chain. “You’ve got the emergence of this green revolution where you have to build infrastructure from scratch. It’s not just China this time, it’s North America at the same time as China, and Europe at the same time as China.” Analysts at Goldman Sachs, JPMorgan and elsewhere have predicted that a shift to a green economy will create another “supercycle”, or period of rising commodity prices, similar to what occurred at the beginning of the 2000s, when China’s economic growth took off."....