RE:Conference sets sights on LI, AU, CU Thanks GTRT,
Ford production alone would surpass ALL lithium projects currently planned in the U.S. Think of all of the other industry requiring lithium in the U.S. beyond Ford. I also believe that by 2025 electric vehicle adoption will be way beyond 10% . The lower prices, increased range, easier servicing and performance will bring those figures much higher. Even if I had no interest in this as an investor it would be unwise for several reasons to purchase a new gas or diesel vehicle in the coming years.
I imagine the least of CRE's worries is having suitors at the table. CRE is in the drivers seat at this point in time.
Phillips said Ford’s ‘Blue Oval City’ required 125,000 tonnes per year of lithium hydroxide to service its three battery plants, which surpasses the production capacities of all lithium projects currently planned in the United States.
“Tesla has been a leader here, but LG and General Motors are making big commitments. Everyone is talking about bringing more capacity to the US, which we desperately need, and even if we all succeed, we are still going to be short, and require lots of material from outside the US,” said Philips.