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Rainbow Rare Earths Plc

The electric car revolution is heading your way

The biggest issue we face is pollution from vehicles. Health researchers at King’s College say pollution causes 9,000 premature deaths each year in the capital.

Mercedes, BMW, Renault-Nissan and Toyota will each unveil more than a dozen fully electric vehicles by 2022, including in BMW’s case, an electric Mini. Ford is spending $11bn to develop 16 battery-powered vehicles and 24 other electrified cars over the next five years. Every new Volvo car launched from this year onwards will be electrically powered in part.

Of all the traditional car groups, VW is taking the boldest gamble by spending £25bn to develop electric cars in the next five years alone.

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.