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

CMOC expects its growth rate of cobalt supply to gradually ease in the second half of 2024, the company said on August 23. Market participants, however, were divided in their response to the announcement, with some expecting the output reduction to alleviate the current imbalance between supply and demand in parts of the market.

Spodumene prices rose on Wednesday September 11 after reports of a potential production suspension in China’s Jiangxi province drove up lithium carbonate futures prices on China’s Guangzhou Futures Exchange (GFEX).

Read Fastmarkets’ monthly battery raw materials market update for September 2024, focusing on raw materials including lithium, cobalt, nickel, graphite and more


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