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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:
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Volkswagen Group is seeking partnerships with battery raw material producers in order to vertically integrate and achieve security of supply and competitive prices for its minerals needs, a spokesperson for the German automaker told Fastmarkets on Thursday June 17.
Construction work will restart in the near future at the Kniwana lithium hydroxide plant in Western Australia after Australia-based exploration and mining company IGO joined the venture at the end of 2020, a spokesperson at joint-owner Tianqi told Fastmarkets on Tuesday May 4.
The battery-grade seaborne Asian lithium carbonate market continued to post gains over the week on Thursday May 6 amid tight spot availability.
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