Battery Maker EVE Energy May Buy More Lithium, Cobalt Before Prices Lift
- Battery producer sees signs metals could rise from recent lows
- Company is looking for potential M&A targets, chairman says
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EVE Energy Co., a Chinese producer of lithium-ion batteries for electric cars to earphones, is considering plans to step up purchases of key metals amid signs prices could soon rise from recent lows.
Huizhou, Guangdong-based EVE, which has pacts with automakers including Daimler AG, has seen tentative signals of a recovery in lithium and cobalt prices in China, meaning there’d be an advantage to lock in additional supplies now, Chairman Liu Jincheng said in a phone interview.