Soaring demand for key energy transition minerals and supply chain issues have propelled lithium prices to record highs, threatening to unravel a decade of steady declines in battery costs. Lithium prices hit a record high at the start of 2022, and analysts say that the rally still has legs to continue even higher.
The surging price of one of the battery pack’s key metals is already exerting enormous cost pressure on battery production, while demand continues to soar as nearly every major carmaker is developing electric…Record High Lithium Prices Threaten The EV Boom
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