Lithium Scarcity Pushes Carmakers Into the Mining Business

In an effort to avoid falling further behind Tesla and Chinese car companies, many Western auto executives are bypassing traditional suppliers and committing billions of dollars on deals with lithium mining companies.

  • They scope out mines in places like Chile, Argentina, Quebec and Nevada to secure supplies of a metal that could make or break their companies as they move from gasoline to battery power.

Without lithium, U.S. and European carmakers won’t be able to build batteries for the electric pickup trucks, sport utility vehicles and sedans they need to remain competitive.

  • And assembly lines they are ramping up in places like Michigan, Tennessee and Saxony, Germany, will grind to a halt.

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