Australian Mines LTD (AMSLF)

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Automakers stress importance of battery metals

Major automakers Ford and Honda have stressed the importance of stable and affordable supply of battery raw materials for their ongoing electric vehicle development and rollout plans.

While Ford is essentially a buyer of battery cell technology, its pathway forward is likely to involve collaboration through the supply chain, including battery cell producers and raw material suppliers.

"Ford has not reached the stage where we have to negotiate direct offtake agreements with raw material suppliers. We have had to invest significantly in vehicle electrification, but now we are at the stage where our suppliers have to make similar investments," he said. Some automakers, such as US-based Tesla and China's Great Wall Motors, have made direct offtake agreements with lithium producers.

Australian Mines LTD (AMSLF) is going to be a significant player as a bsttery metal supplier. AMSLF is a good investment.

https://www.argusmedia.com/en/news/1841602-automakers-stress-importance-of-battery-metals