Why Toyota's Trading Unit Is Investing in a Lithium Miner

The video discusses Toyota's $230 million investment in Australian lithium mining to secure a stable supply of battery metals amid rising demand for electric vehicles. The demand is driven by forecasts of increased electric vehicle penetration, necessitating more raw materials for battery production. Automakers are actively securing resources, with companies like Great Wall Motor and BYD investing in lithium projects. Despite new mining projects, supply may only meet demand, indicating a need for further developments.

What strategies are carmakers employing to secure battery raw materials?

What does Bloomberg New Energy Finance predict about lithium production by 2027?