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Possible, but I'm betting there's still a bit to go as they get held back by the rest of the market.A couple of developments:1. Musk highlighting the fact that EV manufacturers may need to become miners to overcome the high cost of lithium. Will likely spur investment from automakers, as has occurred in the rare earth space with MOUs.2. Piedemont Lithium now looking for overseas lithium mines after its failure in the US. Likely part of a trend where we see consolidation in the sector as miners fail and are absorbed by others3. US gov driving multinational commitments to EV targets and CO2 reductions.
Possible, but I'm betting there's still a bit to go as they get held back by the rest of the market.
A couple of developments:
1. Musk highlighting the fact that EV manufacturers may need to become miners to overcome the high cost of lithium. Will likely spur investment from automakers, as has occurred in the rare earth space with MOUs.
2. Piedemont Lithium now looking for overseas lithium mines after its failure in the US. Likely part of a trend where we see consolidation in the sector as miners fail and are absorbed by others
3. US gov driving multinational commitments to EV targets and CO2 reductions.
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