Rising Lithium Prices Causing Battery Prices to Inflate Lithium prices are soaring due to continued EV demand and limited supply. This has caused EV companies to rapidly raise prices to recoup increasing manufacturing costs. But, this isn’t good if we truly want to transition to a renewable-focused world as high prices prevent many people from making the transition towards EVs or even utilizing batteries as prices rise. But, that’s where $GMG.V comes in with their graphene batteries. Their batteries consist mainly of graphene (manufactured in-house using a proprietary method with natural gas) and aluminum, eliminating the need for rare-earth metals, which are commonly mined inhumanely.
https://oilprice.com/Energy/Energy-General/Lithium-Is-Up-220-And-This-Is-What-You-Need-To-Know.amp.html
Beyond the lower susceptibility to volatile lithium prices, graphene offers numerous technological, cost, and ecological advantages over traditional lithium battery cells. For example:
- Low environmental footprint to produce the graphene and is not held back by mining supply shortages or price volatility, and will always be able to produce quality graphene with the given inputs.
- 70x faster charging (phone fully charged in 1-5 mins) and up to 3x more battery life.
- Can be easily disposed of/recycled without the same repercussions as lithium-ion batteries.
Graphene isn’t only useful in batteries. The company recently acquired brand rights and the IP surrounding the Thermal-XR HVAC coating product line and has recently invested in expanding their production facilities to support the expected future graphene production. Definitely an interesting valuation at $3/share, make sure to keep an eye out as they continue to inch closer to battery production.