Ford says it takes up to 10 years to complete permitting requirements for critical mineral mining in the US, versus two to three years in Canada and Australia.
Haywood's analysts argue that with the GDXJ trading down about 21% in the year to date, the junior segment offers deep contrarian value at a low-risk entry point.
When the additional facilities come on line between 2024 and 2026, Toyota's battery production capacity in the two countries will have increased by 40 gigawatt-hours.
Prior to this development, less than 10% of the melting temperatures of the 200,000-plus inorganic compounds that have been identified on earth were known.