Read more about how to drive business success in the EV revolution
Access Fastmarkets' ebook for electric vehicle manufacturers below
The drive towards electrification and surge in demand for electric vehicles (EVs) has presented a complex set of challenges for the EV industry. You’ll need Fastmarkets forecasts and insights to help you:
- 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
The US aluminium industry is experiencing challenges related to tariffs, which have contributed to higher prices and premiums, raising questions about potential impacts on demand. Alcoa’s CEO has noted that sustained high prices could affect the domestic market. While trade agreements might provide some relief, analysts expect premiums to remain elevated in the near term. However, aluminum demand is projected to grow over the long term, supported by the energy transition and clean energy projects. To meet this demand, the industry will need to increase production, restart idle smelters and address factors such as electricity costs and global competition.
The DRC is set to decide on the future of its cobalt export ban on June 22, potentially extending, modifying or ending the policy. Aimed at boosting local refining and value creation, the ban has left global markets uncertain, with stakeholders calling for clarity as cobalt prices fluctuate and concerns over long-term demand grow.
Read Fastmarkets’ monthly battery raw materials market update for May 2025, focusing on raw materials including lithium, cobalt, nickel, graphite and more
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