The Oil Of The Future Is Set To Soar In 2021
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NEW YORK, Feb. 26, 2021 /PRNewswire/ Lithium is now a critical metal for Europe. In September 2020, the EU added lithium to its Critical Raw Materials (CRMs) list, warning of the need for a continuous flow of lithium supply for zero-emission mobility. Mentioned in today s commentary includes:
Enphase Energy (NASDAQ: ENPH),
NextEra Energy (NYSE: NEE),
FMC Corp. (NYSE: FMC),
Celestica (NYSE: CLS) (TSX:CLS),
Lithium Americas Corp. (NYSE: LAC) (TSX:LAC)
They are investing billions, including…$3.9 billion (3.2 billion euros) approved in December 2019 for the EU s first battery subsidies with seven countries to catch up to Asian competitors…$3.5 billion (2.9 billion euros) in its second battery-related European Battery Innovation project approved by the European Commission in 2021.and $9.2 billion (7.
The Oil Of The Future Is Set To Soar In 2021
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The Oil Of The Future Is Set To Soar In 2021
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
New York, NY – February 25, 2021 – The entire world is about to run on batteries, which makes the next new battery innovation and the materials that go into it the best way to capitalize on the lucrative momentum of a multi-trillion-dollar energy transition. Mentioned in today’s commentary includes:
QuantumScape (NYSE:QS),
Maxar Technologies (NYSE:MAXR) (TSX:MAXR),
Turquoise Hill Resources Ltd. (NYSE:TRQ) (TSX:TRQ),
Magna International (NYSE:MGA) (TSX:MG).
That lithium-ion battery that the world has relied on for their smartphones has now gone way beyond consumer electronics. It’s the feedstock for a lineup of rival EVs …And for energy storage, things are blowing up on a global scale.