The New York TimesThe New York Times

Lithium scarcity pushes carmakers into the mining business

By Clifford Krauss and Jack Ewing

02 Jul 2023 · 6 min read

informed Summary

  1. Western auto executives are investing billions in lithium mining companies to secure supplies of the metal, which is crucial for building batteries for electric vehicles (EVs).

Eager 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 are showing up in hard hats and steel-toed boots to 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.

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