Locking in supplies of key battery raw materials lithium and cobalt has been a headache for electric car manufacturers, but these days it’s the supply of nickel and graphite that’s keeping them up at night.
Carmakers bracing for a surge in electric vehicle sales in the early 2020s are increasingly worried about where they’ll get enough nickel and graphite to go into batteries, according to Simon Moores, managing director at Benchmark Mineral Intelligence. Concern about lithium and cobalt has eased as miners ramp up production at new projects.
