American Battery Metals Corp (OTCMKTS:ABML) is drawing a lot of investor interest lately. The renewed interest in ABML stock comes as it is preparing for another major bull run.Below we examine the reasons investors are trouping back to OTCMKTS:ABML. But first, here is the profile of the company are discussing. ABML Daily Chart
About American Battery Metals Corporation (OTCMKTS:ABML)
OTCMKTS:ABML is a leading battery metals producer based in Nevada, United States. The company is committed to helping America reduce its reliance on foreign sources of important manufacturing materials.The company is committed to delivering long-term shareholder value through prudently focusing its resources on developing the business.Investors naturally like companies run by management with deep foresight and ABML stands out as one. Here are some of the reasons why investors have warmed up to ABML stock lately.[embed]https://www.youtube.com/watch?v=eikfArKjQ50&feature=emb_title[/embed]
OTCMKTS:ABML stands to benefit from GM and LG Chem battery factory
As a supplier of battery manufacturing materials, ABML stands to benefit big from the electric vehicle battery factory that General Motors Company (GM) and LG Chem are setting up.In December last year, GM and LG Chem announced that they plan to invest $2.3 billion to set up a battery production joint venture business in Ohio. The GM-LG Chem battery factory will specifically produce battery cells for electric vehicles. Initially, the facility will supply GM’s own electric vehicle division. GM aims to bring its electric vehicles to market next year. The Ohio battery plant is scheduled to begin operations in mid-2020.The GM-LG Chem battery factory will have a production capacity of more than 30 gigawatt hours, making it one of the world’s largest battery plants.ABML supplies metals such as lithium, which are fundamental in battery manufacturing and which GM and LG Chem will require for the battery factory.
Electric vehicle makers are eager to partner with ABML to ensure steady supply of battery materials
Even as GM and LG Chem set up what will be one of the world’s largest battery factory, they face shortage of critical battery manufacturing materials. For instance, Tesla Inc. (NASDAQ:TSLA), one of the world’s leading makers of electric vehicles, last year warned about looming big shortage of battery making metals.That explains why automakers in electric vehicle business are keen to partner with ABML. In a statement yesterday, ABML CEO Doug Cole explained that automakers are keen to partner with suppliers of battery materials to ensure steady and trusted supply to help them plan their electric vehicle production well.
OTCMKTS:ABML setting up battery recycling facility to help address big demand for battery materials
ABML is setting up a battery recycling facility in Nevada. Through the facility, the company will harvest and reintroduce metals such as lithium, cobalt and nickel back into the battery manufacturing supply chain. ABML’s battery recycling plant is scheduled to begin operations in the second half of 2020.ABML hired former Tesla executive Ryan Melsert as its chief technology officer, a role that also puts him in charge of the development of the battery recycling business.
Bottom line
Finally, 2020 is shaping up to be an exciting year for OTCMKTSLABML and its shareholders. This is the year that ABML is set to see a major uptake in demand for its materials as GM and LG Chem begin electric vehicle battery production at their Ohio joint venture facility. It is also the year that Tesla is likely to aggressively stockpile on critical battery manufacturing materials like lithium as it anticipates shortage.Moreover, this is the year that ABML will begin battery recycling at a facility currently under construction to meet the overwhelming demand for battery making materials.Investors are only beginning to take notice of the exciting investment opportunity in ABML, which is why the stock is still trading at a huge discount to its $2.000 high.We will be updating our subscribers as soon as we know more. For the latest updates on OTCMKTS:ABML, sign up below!Disclosure: We have no position in OTCMKTS:ABML and have not been compensated for this article.Image by Blomst from Pixabay
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