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How a Battery Metals Squeeze Puts EV Future at Risk: QuickTake

June 7, 2022, 4:00 AM

The world’s epic shift into electric vehicles needs to overcome a major obstacle: how to meet rocketing demand for batteries, the vital component, while cutting the cost to help the cars go mainstream. Factory lines churning out power packs to fuel a clean energy future are being built faster than strained supply chains can keep up. A global rush to lock in stocks of lithium, nickel, cobalt and other key ingredients from a handful of nations has sent prices hurtling higher. There are major concerns over China’s industry-wide dominance and moves in some other countries to restrict mineral exports ...