As auto companies race to develop electric vehicles, an opportunity for investors to cash in is emerging: the miners extracting the raw materials needed to fuel these cars and trucks.
“I just don’t see that there’s going to be enough supply of raw materials … and I think it’s going to be a massive bottleneck,” said Vance Brown, portfolio manager at Williams Jones Wealth Management. “Lithium is a vital, essential element… I would even go so far as to say it’s a new industrial revolution.”
Different combinations of minerals including lithium, nickel, graphite and cobalt are used to make electric vehicle batteries, but lithium is the constant across battery chemistries.
Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services.