On this episode of InvestorIntel Essential Supplies Nook with Jack Lifton, Jack talks in regards to the quickly to be signed contract between Apple and LG Electronics and the Magna Worldwide three way partnership, e-Powertrain, to supply electrical Apple Automobiles.
On this video from InvestorIntel, which will also be considered on YouTube (click on right here to subscribe to the InvestorIntel channel), Jack went on to say that the joint operation would require massive quantities of lithium-ion and uncommon earth batteries. He added that this was nice information for Canadian lithium, cobalt and uncommon earth miners as Magna Worldwide, as a Canadian firm, “will deal with home provide.” He continued, “We’re going to see regional improvement of the provision chain.” Calling Magna “the Foxconn of the auto business”, Jack defined why Apple’s supposed choice to decide on Magna makes a whole lot of sense and is simply the “tip of the iceberg”.
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