00:00 From powering electric vehicles to storing solar and wind energy,
00:05 lithium plays a critical role in transition to a greener world.
00:08 So it's not surprising demand for lithium iron phosphate batteries is
00:11 exploding as are the market values of its key publicly traded producers.
00:15 With energy and food prices still high and weather related calamities
00:18 occurring far too often,
00:19 everyone from companies to consumers is looking for greener alternatives
00:23 across the board. Electric vehicles have driven a lot of the demand,
00:26 but lithium is also used in storing captured wind and solar for the power grid
00:30 and residential solar power systems. For years,
00:33 North American EV makers relied on lithium ion batteries made of lithium,
00:37 cobalt and nickel to power this greener vision.
00:39 But cobalt and nickel are scarce and expensive, not to mention controversial.
00:43 Companies looking for an alternative have turned to LFPs.
00:46 These batteries are highly stable, longer lasting,
00:49 and more resistant to heat degradation. And they also require less lithium.
00:53 Fortunately, there are cheaper ways to get exposure to the lithium battery market,
00:56 such as through the miners that provide the minerals needed to make batteries.
01:00 Arianne Phosphate, DRRSF,
01:02 one such company hailing from Quebec, Canada,
01:04 provides a key ingredient for LFP batteries and is cheaper than the
01:07 aforementioned lithium stocks in dollar terms.
01:10 But as its phosphate is snapped up by producers of everything from EVs to solar
01:14 storage systems, that may not be the case for long.
01:16 The White House's American Battery Materials Initiative is aimed at securing a
01:20 reliable and sustainable supply of critical minerals used for power,
01:23 electricity, and EVs. Meanwhile,
01:26 the department of energy is awarding $2.8 billion from the bipartisan
01:29 infrastructure bill to boost domestic manufacturing. Lastly,
01:33 Quebec has shown itself to be aggressive in attracting and advancing battery
01:36 initiatives and is expected to play a significant role in Arianne's advancement.
01:40 Judging by how the market is moving, LFPs could well be the future.
01:44 A cheaper way to play this exploding market is with phosphate of which Arianne
01:47 appears to be a well-positioned producer.
01:49 [MUSIC PLAYING]
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