Major auto companies are in such desperate need for lithium supply, they’re committing billions on direct deals with lithium mining companies. For example, Ford Motor is working with Albemarle. General Motors invested $650 million in Lithium America’s .
Lithium demand could go into overdrive, especially with electric vehicle sales set to accelerate. According to the International Energy Agency (IEA), “Global sales of electric cars are set to surge to yet another record this year, expanding their .
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Lithium will remain a hot commodity. For one, supply will not be able to keep up with demand, as the world goes green. In fact, according to Stellantis CEO Carlos Tavares, there’s not enough lithium to go around. Also, automakers are so concerned .