Article By:
Jason Hamlin
Monday, November 20, 2023 4:00 PM EDT
There is more graphite than lithium in electric vehicle batteries and the market for graphite used in batteries has grown by 250% since 2018.
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I've seen $NMG pumped pretty heavily on stocktwits too. Clearly someone is being paid to pump that stock. I wouldn't put much faith in what some faceless, anonymous poster post to social media. Stick with what the official experts have to say here.
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I agree that graphite is the new gold. The demand for graphite will exceed the supply in two years. There are over 225 battery factories under construction globally.
What's your take on $NMG (Nouveau Monde Graphite) though? I heard on StockTwits they may be partnering with a major auto manufacturer like %TSLA, $GM or $F soon.