Morgan Stanley says batteries are the ‘new oil’

Brine pools at the Albemarle Corp. Lithium mine in Calama, Antofagasta region, Chile,

The global battery economy is the “new oil” and will reshape century-old supply chains while establishing a new industrial order, according to Morgan Stanley. Much of the attention surrounding electric vehicles focuses on the car companies themselves — TeslaLucidRivian, etc. — but there are many more ways for investors to capitalize on the burgeoning industry. 
Albemarle Corp. is one of them. The firm estimates that the total addressable market for EV batteries will hit $525 billion by 2040, amid a sharp jump in EV sales driven by technological advancements and supportive policies. ESG factors will also boost sales.

(source: CNBC)

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