F - BATT: Ford's EV Investment Is Positive For Domestic Lithium Supply Chain
- Ford's $11.4 billion venture into EVs is based on the local supply chain for lithium and comes just two months after GM's multi-million strategic investment aimed at securing domestic production.
- Also, there is uncertainty as to EV subsidies in China and the energy crisis grappling that country.
- In this context, BATT with more than 50% of exposure to the U.S. and its allies, is a positive as lithium gradually takes a central role in international trade just like semiconductors.
- The Amplify ETF offers better protection against concentration risks too.
- However, current market volatility should persist.
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BATT: Ford's EV Investment Is Positive For Domestic Lithium Supply Chain