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Monday, April 29, 2024

Scarce Battery Chemicals, Made in China

EV Makers’ Next Headache: Scarce Battery Chemicals, Made in China

Lithium used to make electric-vehicle batteries is getting dear; that is only leading edge of supply-chain problem

An aerial view of the processing plant of the lithium mine in Del Carmen salt flat in the Atacama Desert, northern Chile. Most of the mining for materials like lithium and cobalt isn’t in China, but the country dominates the subsequent steps in the value chain. SQM via AFP

Last year was the year of electric vehicles — global sales are likely to have hit a record, in turn pushing up battery demand. Now too much of a good thing is causing problems: Many key battery materials, including but not limited to processed lithium itself, are in short supply and prices are rising…

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