Three-quarters of lithium-ion batteries and half of the world’s electric vehicles are made in China, hence the People's Republic has entered a race for cobalt, nickel and lithium. These raw materials largely need to be imported and prices are rising fast as lithium demand is set to surge 510% by 2040.
|Full content is available only to subscribers
please log in below or subscribe now
Or request to register for a free 14 day trial here