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Rainbow Rare Earths Plc

Nissan Leaf is the first electric car to top 400,000 sales

Nissan just reached an important milestone in electric car history, though its likely that it will not be alone for long. The Leaf has become the first EV to top 400,000 sales, crossing that mark slightly over eight years since its December 2010 debut. Demand has been accelerating over that period too, The company was celebrating 200,000 sales back in December 2015. In other words, roughly half of all Leaf owners bought their car in the past three years.

Rainbow Rare Earths Ltd (LON:RBW) is a mining company focussed on production from, and expansion of, the high grade Gakara Rare Earth Project in Burundi, East Africa. With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), Gakara is one of the world’s richest rare earth deposits.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.