Litinsky predicts Tesla or other EV makers will acquire upstream miners
James Litinsky · #AIS: MP Materials CEO James Litinsky on rare earths, supply chain, and energy independence · May 31, 2022 · at 15:01
James Litinsky, CEO of MP Materials, predicts vertical integration by EV automakers purchasing resource producers due to supply shortages.
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“So what's going to happen is, I think you're going to see maybe an AOL Time Warner moment, and I don't mean it the negative way, but I think you could see a Tesla or someone like that buy upstream Outstream into these industries because ultimately downstream they all realize that the real stuff is in shortage and you can't have the enterprise value downstream because it's like musical chairs.”
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