Wednesday, 10 August 2022

Ford All-In on Electric Trucks With $11 Billion Plan

The "Green Energy Revolution" is Creating Massive Global Demand for Lithium – its Most Precious Commodity

This isn't just for market share. It's about "White Gold"

Just a few months ago, Ford announced that it was investing $11.4 billion in new "mega sites" to produce its very popular electric trucks and batteries.

And Chrysler recently announced a $35.5 Billion plan to produce both an electric Dodge muscle car and a Ram Pickup truck.

Even luxury car makers, BMW, Jaguar, and Porsche have gone all in on electric vehicles.

But these companies aren't concerned about Tesla taking market share from them.

They are worried about the lithium supply they need to build their batteries.

And since the average electric vehicle needs about 22 pounds of lithium, you can see how demand for this "white gold" is going through the roof.

Unfortunately, China controls about 80% of the world's lithium supply.

But now a small mining company discovered what could be one of the largest stores of lithium in the world.

See what this massive find can mean for investors.

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