Battery stocks have been doing well with the world moving towards electric vehicles (EVs) and Julia Lee believes that one way to gain exposure to the battery story is through Independence Group.
“Many countries are now committed to ban the sale of new petrol and diesel over the next decade including the UK, Japan, France, and Germany.
“We’re positive on the prices of nickel, lithium, and copper.
“Traditionally, predominately a nickel miner, Independence Group is currently in a state of transition. It’s looking at selling Tropicana, which is a gold mine and has agreed to acquire a US$1.4 billion stake in a lithium mine and processing plant in Western Australia. “Independence Group should do well as the structural shift to electronic vehicles occurs over the next decade.
Independence Group (IGO)
Source: Google
Read more on EVs in James Dunn’s recent articles:
- The electronic vehicle revolution’s here and there’s 3 stocks I’m watching!
- 4 ‘exciting’ stocks in the electric vehicle space
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