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Rainbow Rare Earths Plc

World’s ‘most beautiful’ electric car to hit the road in 2020

Jaguar Land Rover Classic has dropped a bombshell in the growing electric vehicles (EVs) sector by announcing the start of production for its ‘E-Type Zero’ car, said to be “the most beautiful” of its kind in the world, at least according to Italian racing driver Enzo Ferrari. Customers who already own classic E-types will be able to pay to have their car converted to electric drive — the original engine and transmission will be preserved so that they can be put back in, if that’s ever wanted — or customers can pay Jaguar to acquire an E-type for conversion.

The announcement is nothing but good news to battery metals miners, which have seen demand for their mined commodities soar in the past year. The scramble by automakers to secure supply of battery materials has spiked the price for lithium, cobalt, nickel, rare earths and even copper (there’s 300kg of copper in an electric bus and nine tonnes per windfarm megawatt).

 

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.