RE:Battery plantsHere is another big EV battery news.
Everyone is talking to build EV, where are the batteries, then where are the raw battery materials? You may easily build a battery plant in 1 year, but takes so long to build a mine, without enough investment.
My prediction is lithium price will be double by the end of 2022.
I just wonder why NLC's SP is so sluggish? Why lots of people selling, rather than buying?
Anyway, everyone enjoys the weekend! Enjoy the Spring!
Mostly inportant, stay safe & keep away from Covid-19, I just got vaccine shot last Wednesday.
tiger
GM and LG to spend $2.3 billion on second EV battery plant in U.S.
https://www.cnbc.com/2021/04/16/gm-and-lg-to-spend-2point3-billion-on-second-ev-battery-plant-in-us.html
neosceptic wrote: We all used to China dominance in batter productions, but Europe already woken up.
Now Western Europe world wide leader in invenstment. China still lead in manufacturing, thanks for early entrance (and they still building), but soon Europe will demand Li to build up inventory.
USA, home of Tesla and first gigafactory, now, compete with Poland and Hungary...
https://www.mining.com/western-europe-claims-43-of-global-investments-in-battery-manufacturing-projects-report/
With Baiden, USA will go up, at least in Li demand. Li developers reached plateu, but new wave is brewing.