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This is a really helpful industry perspective, thanks csours. When GM and others are thinking about this, is it focused on beliefs in specific markets or global

This is a really helpful industry perspective, thanks csours. When GM and others are thinking about this, is it focused on beliefs in specific markets or globally? I know that many commodities trade globally but there is a ton of noise in DC about critical mineral supply chains and America's reliance on China but at the same time minimal movement on extraction and even less on processing domestically because of the environmental factors/NIMBYism. But if there were another trade war with China, would that change the equation for GM or are the rest of the markets a large enough weight that doesn't matter? Do you think GM and others believe there will be U.S. mines brought online or that all the growth in extraction will come from abroad? Given the pushback in other places (e.g. Serbia's Rio Tinto mine, Mexico nationalizing their sector, etc.) I'm pretty skeptical about being able to depend solely on foreign growth.

csours 4y ago
I believe government incentives and regulations will have a huge effect on the speed of adoption in a country, and China and Europe have both of those. I don't think mineral extraction will have much effect on locality. Shipping is pretty cheap - we already move oil to refineries and gasoline to filling stations. GM does have a >> “strategic investment and commercial collaboration” with Controlled Thermal Resources (CTR) to procure lithium from Southern California’s Salton Sea https://www.hagerty.com/media/news/gm-ctr-lithium-partnership-salton-sea/#:~:text=Earlier%20this%20month%2C%20General%20Motors,that%20seeks%20to%20minimize%20the https://www.hagerty.com/media/news/gm-ctr-lithium-partnershi...
- Gibbon1 4y ago
  A while back I looked at raw materials for batteries. You can see the big push to get away from batteries that use cobalt. Because that is the one input that is actually supply limited. Everything else but lithium is tapping into an already huge production capacity.

csours 4y ago

I believe government incentives and regulations will have a huge effect on the speed of adoption in a country, and China and Europe have both of those. I don't think mineral extraction will have much effect on locality. Shipping is pretty cheap - we already move oil to refineries and gasoline to filling stations. GM does have a >> “strategic investment and commercial collaboration” with Controlled Thermal Resources (CTR) to procure lithium from Southern California’s Salton Sea https://www.hagerty.com/media/news/gm-ctr-lithium-partnership-salton-sea/#:~:text=Earlier%20this%20month%2C%20General%20Motors,that%20seeks%20to%20minimize%20the https://www.hagerty.com/media/news/gm-ctr-lithium-partnershi...

Gibbon1 4y ago
A while back I looked at raw materials for batteries. You can see the big push to get away from batteries that use cobalt. Because that is the one input that is actually supply limited. Everything else but lithium is tapping into an already huge production capacity.