American Battery Metals Corp (OTCMKTS:ABML) CEO Doug Cole said Tuesday that the Nevada battery recycling and production company, is keen to stress the extent to which automakers are eager to take an interest in forging ties with battery metals groups.
Cole emphasizes that automakers are looking for partnerships with companies that bring metals like lithium to the market, but have no need for getting into the lithium mining business.
“They simply want to guarantee a steady, trusted supply of resources so they can accurately plan and deliver on their electric vehicle production forecasts,” said Cole in a statement.
Remember, Cole points out, the words of Tesla CEO and founder Elon Musk who said at the close of last year: “There’s not much point in adding product complexity if we don’t have enough batteries.”
Musk’s comments echo the thoughts of a number of executives at automakers who are shifting their focus to electric vehicles from internal combustion engines.
Battery metals such as lithium, cobalt, nickel and aluminum are critical to the manufacturing of batteries that power electric vehicles.
In addition to lithium extraction, American Battery Metals operates a lithium mining operation in Nevada’s Railroad Valley and is developing a lithium-ion battery recycling technology.