Understanding supply chain security in the battery materials market

How secure is your battery materials supply chain? Find out below

As the demand for battery materials skyrockets, procurement professionals are facing a pressing challenge: ensuring a stable and reliable supply. In this rapidly evolving landscape, having actionable insights is key. It enables your business to make informed decisions, secure your supply chain and stay ahead in the fiercely competitive battery materials market.

Are you confident in the resilience of your supply chain?

As a procurement professional, you’re well aware of the importance of reliable data and insights, but every team has its blind spots. This is especially true in such a volatile market. Use our checklist to better understand what you could be missing out on in the rapidly evolving battery materials market. Examine key questions including:

  • Do you have visibility over supply and demand forecasts for strategic planning? 
  • Are you informed on the dynamics of battery material prices to leverage short-term opportunities?
  • Are you able to set accurate cost expectations by keeping up with price changes?
  • Are you looking at other alternatives to diversify your battery materials supply?
  • Is your supply protected from price risks?
Find out what else is happening in the battery raw materials market

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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