Read more about how to turn volatility into victory with Fastmarkets
Fastmarkets' toolkit for battery producers in a shifting market
Following the rise in production and adoption of electric vehicles (EVs) globally, the demand for battery materials is soaring. As some supply chains struggle to keep up, market participants are looking for strategic partnerships to create a more secure supply chain. With Fastmarkets forecasts and insights, you’ll get the help you need to:
- Optimize your supply chain by strengthening your purchasing strategy and inventory management by offering access to price changes and material costs
- Plan for the future when the volatility of raw materials prices makes it difficult to secure supplies and ultimately impacts EV profitability
- Reduce price risks in your value chain by gaining visibility over the production of raw materials and the associated costs
- Focus on creating a sustainable battery material supply chain by investing in battery recycling to close the EV supply chain loop
Despite the current headwinds, strategic partnerships and continued investment in the right areas, coupled with the underlying strong long-term demand fundamentals, will pave the way for success for lithium producers, according to the participants of the executive panel during the Fastmarkets Lithium Supply and Battery Raw Materials Conference, which took place from June 23-26 in Las Vegas, Nevada.
The US needs well-defined and stable policy around critical minerals, energy transition and trade, while derisking projects and maintaining good relations with other countries to be able to establish sustainable electric vehicle (EV) and energy storage systems (ESS) supply chains in North America, according to industry experts.
The US and Europe must adopt long-term, consistent policies and should learn lessons from China, according to lithium industry experts speaking at Fastmarkets’ Lithium Supply and Battery Raw Materials Conference in Las Vegas, US, over June 22-25.
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