RANKED: Top 20 automakers by battery metals spending
- •The fact that VW is out-spending Tesla on lithium, nickel, cobalt, manganese, and graphite really highlights their aggressive push into EVs.
- •It's not just about the flashy new models; it's about securing the raw materials, which is a major long-term play.
- •I've been dabbling a bit in some of the junior miners, trying to get ahead of this, but it's always a bit of a gamble.
Just read this article from Mining.com about automakers' battery metal spending, and wow, Volkswagen really blew me away, taking the top spot from Tesla! I’ve been keeping a close eye on the EV sector for a while now, slowly building up some positions for my retirement portfolio, and the supply chain for these critical minerals is always in the back of my mind. The fact that VW is out-spending Tesla on lithium, nickel, cobalt, manganese, and graphite really highlights their aggressive push into EVs. It's not just about the flashy new models; it's about securing the raw materials, which is a major long-term play.
My initial thought was, "Is this a sign of where the market is headed?" Because if VW, a traditional automotive behemoth, is making such massive commitments, it suggests they see serious growth in the EV space, even with recovering prices for these metals. I've been dabbling a bit in some of the junior miners, trying to get ahead of this, but it's always a bit of a gamble. This data makes me wonder if I should be looking more at the industrial demand side rather than just the direct EV manufacturers. It also gets me thinking about the broader commodities market – like how this impacts gold and silver, which I also hold a significant amount of. It's funny, when I first started investing, I never imagined I'd be tracking battery metal spending, but here we are!
What are your thoughts on this? Does VW's spending shift your perspective on the EV market or the metals sector? Is anyone else thinking about rebalancing their portfolio after seeing this? I've been spending a bit of time lately looking at how silver compares to stocks over the long haul, especially with all this industrial demand for other metals too. If you're curious about silver's performance, I found this Gold IRA Blueprint tool pretty interesting to check out. Always good to compare different asset classes, especially in a market like this. Let me know what you think!