Tight battery market is next test for EVs after chip crisis
Rising demand from electric vehicles and challenges in securing raw materials will deliver a battery supply crunch for automakers, according to a key Chinese manufacturer.
The move comes less than two years after the Montreal-based firm decided to add exposure to the steelmaking raw material by grabbing a stake in the fellow Canadian iron ore company.
Country’s top economic planner aims to cut 800 million tonnes of coal capacity a year until 2020, even as production and consumption of the fuel increases.
Analysts believe the upcoming Chinese New Year celebration will likely result in some physical restocking of metal in that country as well as India, the world’s top consumers.
New study says after lengthy and painful adjustment, rare earth industry will return to growth led by global government initiatives around green energy.