{"id":12273,"date":"2023-05-22T17:52:57","date_gmt":"2023-05-22T21:52:57","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/the-big-winners-from-fords-ev-event-lithium-miners-stocks-are-higher\/"},"modified":"2023-05-22T17:52:57","modified_gmt":"2023-05-22T21:52:57","slug":"the-big-winners-from-fords-ev-event-lithium-miners-stocks-are-higher","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=12273","title":{"rendered":"The Big Winners From Ford&#8217;s EV Event: Lithium Miners. Stocks Are Higher."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000651575\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>\n        Ford Motor<br \/>\n       wants to build millions of electric vehicles this decade. That will require procuring and processing a host of materials that just aren\u2019t common in gasoline-powered cars. <\/p>\n<p>One of the most important is one of the smallest elements: lithium.<\/p>\n<p>\n        Ford<br \/>\n       Motor (ticker: F) on Monday is hosting an event for investors and analysts in Dearborn, Mich. Before it started, the auto maker announced several supply chain deals. Most were related to sourcing lithium, a key component in the batteries needed for EVs. <\/p>\n<div class=\"paywall\">\n<p>For starters, Ford announced a deal with miner<br \/>\n        SQM<br \/>\n       (SQM) for the supply of battery grade lithium carbonate and lithium hydroxide. Carbonate and hydroxide are the lithium products used in battery manufacturing. The price most often quoted for lithium products is lithium carbonate, which is about $30,000 a metric ton these days. <\/p>\n<p>\u201cWorking with strong global collaborators such as SQM will help us make real progress on making EVs more accessible for our customers down the road,\u201d said Lisa Drake,\u00a0Ford\u2019s vice president for EV Industrialization in the Model e division. \u201cSQM has established well-run operations, a commitment to sustainability, and a proven track record for scaling capacity.\u201d <\/p>\n<p>SQM is one of the largest lithium producers in the world. So is<br \/>\n        Albemarle<br \/>\n       (ALB). It also announced a deal with Ford on Monday to supply the auto maker with more than 100,000 metric tons of \u201cbattery-grade lithium hydroxide for approximately 3 million future Ford EV batteries.\u201d The five-year supply agreement starts in 2026 and continues through 2030.\u00a0<\/p>\n<p>\u201cWith the growing demand for EVs in the United States, our customers are seeking to regionalize their supply chain for greater security, sustainability and lower costs,\u201d said Eric Norris, president of<br \/>\n        Albemarle<br \/>\n       Energy Storage, in a statement. \u201cThis agreement exemplifies the industry collaborations and investments required.\u201d <\/p>\n<p>These types of deals help both Ford and the lithium miners. Ford wants secure supply from established players. The miners want to know demand for products will materialize as they expand production. Global lithium projection is expected to rise five- to seven-fold between now and 2030 as the number of EVs on global roads rises from roughly 30 million cars to about 350 million. <\/p>\n<p>\u201cSupply is among the most strategic capabilities of the company,\u201d said CEO Jim Farley at the event. \u201cActually when you start to insource and you design yourself that you\u2019ve never done before\u2026.or [competitors] are going through the same transition\u2026it turns out supply chain is super, super strategic.\u201d <\/p>\n<p>Ford is part of that ramp-up. The 120-year-old auto maker plans to be producing EVs at a run rate of roughly 600,000 by the end of this year and at a run rate of 2 million a year by the end of 2026. It\u2019s a steep climb. Ford sold less than 100,000 EVs globally in 2022. To hit its goals, Ford is spending billions on vehicle development, new assembly capacity and battery plants. <\/p>\n<p>Ford also announced agreements with Nemaska Lithium and<br \/>\n        Compass Minerals<br \/>\n       (CMP) on Monday. Nemaska will supply lithium hydroxide produced from assets in Quebec. Compass will supply lithium carbonate from assets in Utah. <\/p>\n<p>Nemaska is a joint venture backed by<br \/>\n        Livent<br \/>\n       (LTHM) and the investment arm of the Quebec government. <\/p>\n<p>The agreements have stocks moving. Compass,<br \/>\n        Albemarle<br \/>\n       and SQM shares were up 0.6%, 1.3% and 0.2%, respectively.<br \/>\n        Livent<br \/>\n       are down 1.9%. The<br \/>\n        S&amp;P 500<br \/>\n       is up 0.2%. The<br \/>\n        Dow Jones Industrial Average<br \/>\n       is down 0.2%.  <\/p>\n<p>Ford stock is down 0.8%. <\/p>\n<p>Write to Al Root at allen.root@dowjones.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/big-winners-ford-ev-lithium-miners-a59d1fd1?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ford Motor wants to build millions of electric vehicles this decade. That will require procuring and processing a host of materials that just aren\u2019t common in gasoline-powered cars. One of the most important is one of the smallest elements: lithium. Ford Motor (ticker: F) on Monday is hosting an event for investors and analysts in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-12273","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Big Winners From Ford&#039;s EV Event: Lithium Miners. Stocks Are Higher. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Ford Motor wants to build millions of electric vehicles this decade. That will require procuring and processing a host of materials that just aren\u2019t\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=12273\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Big Winners From Ford&#039;s EV Event: Lithium Miners. Stocks Are Higher. | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Ford Motor wants to build millions of electric vehicles this decade. That will require procuring and processing a host of materials that just aren\u2019t\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=12273\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-22T21:52:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1684416215_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=12273#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=12273\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"The Big Winners From Ford&#8217;s EV Event: Lithium Miners. Stocks Are Higher.\",\"datePublished\":\"2023-05-22T21:52:57+00:00\",\"dateModified\":\"2023-05-22T21:52:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=12273\"},\"wordCount\":582,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=12273#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=12273\",\"url\":\"https:\/\/ifintechworld.com\/?p=12273\",\"name\":\"The Big Winners From Ford's EV Event: Lithium Miners. Stocks Are Higher. | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-22T21:52:57+00:00\",\"dateModified\":\"2023-05-22T21:52:57+00:00\",\"description\":\"Ford Motor wants to build millions of electric vehicles this decade. That will require procuring and processing a host of materials that just aren\u2019t\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=12273#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=12273\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=12273#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Big Winners From Ford&#8217;s EV Event: Lithium Miners. Stocks Are Higher.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Big Winners From Ford's EV Event: Lithium Miners. Stocks Are Higher. | iFintechWorld","description":"Ford Motor wants to build millions of electric vehicles this decade. That will require procuring and processing a host of materials that just aren\u2019t","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=12273","og_locale":"en_US","og_type":"article","og_title":"The Big Winners From Ford's EV Event: Lithium Miners. Stocks Are Higher. | iFintechWorld","og_description":"Ford Motor wants to build millions of electric vehicles this decade. That will require procuring and processing a host of materials that just aren\u2019t","og_url":"https:\/\/ifintechworld.com\/?p=12273","og_site_name":"iFintechWorld","article_published_time":"2023-05-22T21:52:57+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1684416215_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=12273#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=12273"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"The Big Winners From Ford&#8217;s EV Event: Lithium Miners. Stocks Are Higher.","datePublished":"2023-05-22T21:52:57+00:00","dateModified":"2023-05-22T21:52:57+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=12273"},"wordCount":582,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=12273#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=12273","url":"https:\/\/ifintechworld.com\/?p=12273","name":"The Big Winners From Ford's EV Event: Lithium Miners. Stocks Are Higher. | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-22T21:52:57+00:00","dateModified":"2023-05-22T21:52:57+00:00","description":"Ford Motor wants to build millions of electric vehicles this decade. That will require procuring and processing a host of materials that just aren\u2019t","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=12273#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=12273"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=12273#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"The Big Winners From Ford&#8217;s EV Event: Lithium Miners. Stocks Are Higher."}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/12273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12273"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/12273\/revisions"}],"predecessor-version":[{"id":12274,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/12273\/revisions\/12274"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/10381"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}