Elon Musk drives more good news for battery metals

This is a must read. View this email [in your browser]( [dmm-editor] [19dbe52a-fe1...]( Fellow investor, Battery metals miners just got another arrow in their quivers. Elon Musk recently made a public call for stronger lithium investment, in order to meet ongoing increases in demand. [Bloomberg News]( published an article on the statement on April 20. The full text is below: "Musk appeals for more lithium production to meet battery demand Tesla Inc. Chief Executive Officer Elon Musk made a public appeal for more investment in lithium mining to close what he sees as a yawning gap between supply and demand that’s being fueled by the adoption of electric vehicles. Battery production, and more specifically lithium, is the “fundamental limiting factor” for electric-vehicle adoption worldwide, Musk said on an earnings call with investors Wednesday. 'We think we’re going to need to help the industry on this front,' Musk said. 'I’d certainly encourage entrepreneurs out there who are looking for opportunities to get into the lithium business. Lithium margins right now are practically software margins.' Earlier Wednesday, Tesla reported a record first-quarter profit, helped in part by raising prices. An index of global lithium prices compiled by Benchmark Mineral Intelligence surged 280% in 2021 and another 127% in the first quarter. Soaring prices for lithium, a key ingredient in EV batteries, are increasing raw material costs for carmakers such as Tesla." It's one of many strong indicators for the battery metals industry, another catalyst that could drive big gains in the sector. [Click here for our comprehensive report]( on one company making big, early-stage moves in the battery metals industry—just in time for the EV revolution. Happy investing, The PrivatePlacements.com Team Full Disclosure: Grid Metals Corp. is a paid sponsor of PrivatePlacements.com. 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