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 Detroit, Michigan-based automotive giant General Motors (GM) and the Carson City, Nevada-based lithium batteries recycler Redwood Materials announced on Wednesday July 16 that they have agreed to build energy storage systems (ESSs) using both new and recycled batteries.
Despite falling prices, three Brazilian lithium plants – owned by Sigma Lithium, Companhia Brasileira de Lítio (CBL) and AMG Lithium – are seeking to expand their operations in the coming years, in order to become more competitive in the global market, Fastmarkets heard during the “Lithium Business Brazil” event held July 8-10 in the state of Minas Gerais.
The government of Finland was ramping-up support for its burgeoning battery materials supply chain through grants for facilities owned by Easpring Finland New Materials and Fortum Battery Recycling, the firms said on Thursday July 10.
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