Global automakers are rapidly adding electric models as battery...

Global automakers are rapidly adding electric models as battery prices plunge and as governments set deadlines to phase out sales of new combustion-engine cars to help meet climate targets. Demand for lithium-ion batteries from transport and energy storage will surge to as much as 5.9 terawatt-hours a year in 2030, putting a strain on supply chains, BloombergNEF said in an annual New Energy Outlook report published Wednesday.Availability of sufficient lithium products, copper foil and some cathode materials could become a constraint on the battery sector’s efforts to keep pace with demand, according to Yang. Current high raw material prices may not ease until the second half of next year and “the price pressure will have to be shared along the supply chain,” he said.All key battery metals have seen prices advance over the past year, with lithium carbonate in China more than doubling. Gains in cobalt sulfate prices indicate a bottleneck in production of the material, according to BNEF. QUOTE
COB is beginning to shine right at right time IMO.

https://www.mining.com/web/tight-battery-market-is-next-test-for-evs-after-chip-crisis/