International Battery Metals Ltd (IBATF)

[NanoEE]

The industry needs as much as $42 billion of investment to meet the demand by end of the decade

Lithium, which is central to the clean-energy transition, has surged more than 400% in China over the past year, as supply struggles to keep pace with the electric-vehicle boom.

Tesla Inc. Chief Executive Officer Elon Musk has made a public appeal for more investment in lithium mining, and said that the car giant might consider mining or refining it directly after prices rose to “insane levels”.

The shortfall of raw materials to produce batteries is limiting the production of EVs, meaning their makers may have to get involved in mining if they want to make the cars at scale, Benchmark’s chief executive officer, Simon Moores, said in the report.

While lithium’s major producers have large investments planned, those alone will not be sufficient and new mines are needed, the note added.

Automakers could step in and “they have more than one reason to do so,” according to Perks.

“Unlike investors, they are not just looking for a return from profits generated by lithium. They are looking to secure supply for their batteries.”

https://batteriesnews.com/lithium-sector-42-billion-pivot-china-adds-costs/

So quite, hope all is well in the meeting room as to where this first unit is going.

Maybe it is not a matter of where it is going but a matter of who is going to buy International Battery Metals Ltd..