Search Minerals Inc. (SHCMF)

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Strong Chinese competition for Li and REEs in the next 5-10 years.

Why lithium and rare earths are truly a bull market and the EV transition is just bull.

Investor Intel

by: Jack Lifton | June 04, 2021 | 3 Comments

The Global OEM (Original Equipment Manufacturer) automotive industry has begun a mostly politically (The [consumer] market is not demanding this change!) driven transition from manufacturing and selling vehicles using fossil-fueled internal combustion engines (ICE) power trains to those using electric motor propulsion (Electric Vehicle (EV)), based on electricity stored in and delivered from rechargeable lithium-ion batteries. The relatively recently created Chinese domestic OEM automotive industry is already leading the pack in the proposed transition due to basic geopolitical and economic reasons; the Chinese government has for some time now already mandated and implemented an industrial policy to support the creation of a total domestic Chinese supply chain for the production of EVs. One result of this mandate has been the creation of a secure supply of all of the critical materials for EVs sufficient to ensure the ultimate maximum practical conversion of the Chinese domestic vehicle fleet to EVs. China’s government has mandated that 25% of all motor vehicles produced in 2025 be battery-powered electric vehicles (BEV). This means that Chinese BEV production will increase from today’s 10% of total production or more than 2,000,000 units per year to more than 5,000,000 units per year by 2025.

Read more at:
https://investorintel.com/markets/technology-metals/technology-metals-intel/why-lithium-and-rare-earths-are-truly-a-bull-market-and-the-ev-transition-is-just-bull/?utm_source=rss&utm_medium=rss&utm_campaign=why-lithium-and-rare-earths-are-truly-a-bull-market-and-the-ev-transition-is-just-bull