Tesla, GM among carmakers flocking to mining industry events
Automotive Plc, will be mingling with the crowds of mining industry executives attending a major metals conference in Florida next week, according to multiple attendees who received a list of the event’s guests.
It’s unusual for massive end-users of raw commodities, like auto manufacturers, machinery producers or aerospace companies, to attend large mining conferences. But the huge demand for raw materials to support the electrification of those industries is changing that. “They’re there as investors,” he said. “They want to meet with companies, and the companies want to meet with investors.”
“We’ve seen investments they’ve made directly in mining companies, primarily to secure offtake,” Bahar said. “The nature and capital structure of how people are investing is evolving.”
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