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Tuesday, March 14, 2023

Why automakers are buying into the mining business

With lithium being a hot commodity for electric vehicle batteries, automakers like General Motors and Tesla seek to own at least a part of that supply chain by investing in mining companies. "Lithium is today the common denominator across all battery technology and it's likely going to stay that way for the next 10 to 15 years," said Pedro Palandrani, in charge of research for Global X ETFs.