Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Ford Motor Co (NYSE:F) has reiterated FY23 adjusted EBIT guidance of $9 billion - $11 billion.
- It sees an adjusted free cash flow of about $6 billion.
- The auto major anticipates EBIT of about $7 billion for Ford Blue, nearly $6 billion for Ford Pro, and an FY23 loss of about $3 billion for the startup Ford Model e.
- Also, Ford has entered into a long-term agreement with Nemaska Lithium for the supply of lithium products, including lithium hydroxide, over an 11-year period.
- Also Read: Ford Recalls 422,000 Sports Utility Vehicles On Faulty Rearview Camera Image Display
- The agreement calls for the delivery of up to 13,000 tons of lithium hydroxide per year.
- Nemaska Lithium will supply Ford with spodumene concentrate from its Whabouchi mine before commencing delivery of lithium hydroxide produced in Bécancour.
- Nemaska Lithium's integrated project is planned to be the first one to produce lithium hydroxide in Québec.
- Nemaska Lithium is owned in equal parts by Investissement Québec, the economic development agency of the Québec government, and Lithium products manufacturer Livent Corp (NYSE:LTHM).
- Price Action: F shares are trading higher by 0.52% at $11.71 in premarket on the last check Monday.
- Also Read: Ford Won't Blink To Shutter Chinese EV Business If This Happens, Jim Cramer Thinks
- Photo by neobrand via Unsplash
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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