The cost increase of key materials for lithium-ion batteries such as lithium, graphite, and cobalt will continue until 2022. This will affect the activities of various companies operating in different fields. Among them, it seems that the automakers will suffer the most. The cost increase of these materials will drive the cost increase at automakers.
As Bloomberg reported, battery metals are experiencing an unprecedented boom. The epidemic intensifies supply tensions. So the global pursuit of green energy has led to a surge in demand for materials. They include lithium, cobalt, and nickel. They should increase battery costs and delay electric vehicles.
Head of metals and mining at BloombergNEF Kwasi Ampofo said that the supply chain restrictions on battery materials will continue until 2022.
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