The growing value of lithium used in production of electric vehicle batteries is witnessed far beyond the recent $100 million contract Oklahoma City’s Galvanic Energy reached with Exxon Mobil.
Now auto makers are interested to the point they are committing billions of dollars on deals with lithium mining companies….all in the name of lowering costs for the manufacture of EVs.
From Nevada to Chile and Argentina, executives are visiting mining sites to make deals to lock up access to lithium mines. As DNYUZ reports, it’s a gamble for the EV makers because they could end up paying more for lithium than it might sell for in a few years.
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