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Growing Demand for Battery Materials and Rare Earths Spurs Investment in Clean Energy Sector — ASX:PLS| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$PLS
Growing Demand for Battery Materials and Rare Earths Spurs Investment in Clean Energy Sector
The global transition towards electric vehicles and renewable energy has led to increased interest and investment in companies involved in the production and supply of battery materials and rare earths. Stocks like Pilbara Minerals, Lynas Rare Earths, and IGO Ltd have seen significant gains as investors anticipate rising demand for these essential materials.
Several factors are driving this surge in demand:
Shift Towards Clean Energy: Governments and consumers worldwide are actively seeking to reduce greenhouse gas emissions and combat climate change through the adoption of electric vehicles and renewable energy. Key regions such as the European Union and China have set ambitious targets, including bans on the sale of petrol and diesel vehicles and significant targets for electric vehicle sales.
Supply Constraints and Geopolitical Risks: The availability and price of battery materials and rare earths are influenced by supply limitations and geopolitical risks. Countries like China, which dominate rare earth production and processing,
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exert significant control over these critical resources, giving them leverage over other countries that depend on their exports.
To capitalise on these trends, companies in the sector are investing in innovation and expanding their operations:
Pilbara Minerals recently completed a $240 million acquisition of Altura Mining's lithium project, bolstering its production capacity and cost efficiency.
Lynas Rare Earths is constructing a rare earths processing plant in Western Australia, reducing its reliance on China and Malaysia.
IGO Ltd has partnered with Tianqi Lithium to acquire a stake in Greenbushes, the largest hard rock lithium mine globally.
In addition to private sector initiatives, the Australian government has announced a significant investment of $1.9 billion in clean energy technologies. This funding, part of the Technology Investment Roadmap, aims to support the development and deployment of low-emissions technologies, including hydrogen, carbon capture and storage, soil carbon sequestration, electric vehicles, microgrids, and energy efficiency.
The growing demand for battery materials and rare earths, coupled with investments in innovation, efficiency, and sustainability, is propelling the clean energy sector forward. This trend stands to benefit both investors and the environment, driving the transition towards a more sustainable future.
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L
Lykeshares
135d
Official
Berkshire is hoarding so. much. cash.
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L
Lykeshares
135d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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L
Lykeshares
166d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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