EV Makers Go Directly to Mining Firms to Secure Battery Minerals
Nov 18, 2022
The market for electric vehicles is booming; however, the shortage of battery-related materials such as lithium, nickel and cobalt could jeopardize the adoption of these vehicles. If this issue persists, factories may close and automakers may face financial penalties for failing to meet emission standards.
The rising EV battery demand is expected to necessitate 50 new lithium projects, 60 nickel mines, and 17 cobalt developments as we…
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