GMG.v DD and thoughts on Lithium battery fires Fires caused by lithium-ion batteries are rising so much in NYC that the city's public housing authority proposed entirely banning e-bikes from their buildings:
https://arstechnica.com/tech-policy/2022/09/e-bike-battery-fires-pushing-nyc-toward-a-ban-in-public-housing/
The flammability of lithium-ion batteries along with rising costs of lithium and lack of supply are the main factors that made me interested in Graphene Manufacturing Group (GMG.v GMGMF) as a complementary/alternative investment to lithium.
GMG is developing Graphene Aluminum-Ion batteries which could become a major competitor/alternative to lithium batteries. Notably, GMG's batteries have much fewer heat/fire-related issues.
GMG's Graphene is made from the company's proprietary process which involves cracking methane rather than mining graphite. Therefore GMG's graphene does not require intensive mining like lithium batteries require.
More info here: https://graphenemg.com/energy-storage-solutions/aluminum-ion-battery/