Mexico is nationalizing its reserves of lithium, the rare Earth metal used to produce batteries for mobile phones and solar energy systems. Lithium has often been referred to as the new oil. Mexico's lithium reserves are the ninth largest in the world behind Canada and the Democratic Republic of the Congo. We'll be right back after a quick break with a look at the rare EarthMetal market.
This week on Prof G Markets, Scott breaks down why Home Depot’s disappointing earnings are indicative of healthy market trends. He also takes a look at promising earnings from Stellantis, the second largest EV seller in Europe behind Volkswagen and ahead of Tesla. Finally, Scott explains why companies and resources are nationalized, and discusses what it means that Mexico is nationalizing lithium.
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