No word on LG supplying future Tesla cars with batteries texasguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasguardian.com Daily Mail and Mail on Sunday newspapers.
Booming electric vehicle sales drive surge in cobalt prices reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Lithium prices are surging, sparking concerns about limited supplies of the battery metal that is crucial to the electric-vehicle boom.
Chinese prices for lithium, considered a bellwether because of the market’s higher liquidity and active spot market, have soared since the start of the year. Lithium carbonate, a compound of the silvery metal used in the batteries that power most of China’s electric-car fleet, has jumped 68% since the start of the year to $11,250 a metric ton, according to Benchmark Mineral Intelligence.
The price rally marks a sharp turnaround for lithium. A wave of investment in new mines until 2018 driven by overexuberant expectations of demand for electric cars created a glut of the metal that depressed prices.
Advertisement
HOME > TECH >Exclusive: LG hopes to make new battery cells for Tesla in 2023 in U.S. or Europe - sources
Exclusive: LG hopes to make new battery cells for Tesla in 2023 in U.S. or Europe - sources
Reuters | Mar 09, 2021 05:14 PM EST
Visitors wearing face masks check a China-made Tesla Model Y sport utility vehicle (SUV) at the electric vehicle maker s showroom in Beijing, China (Photo : REUTERS/Tingshu Wang)
LG Energy Solution aims to build advanced battery cells for Tesla Inc electric vehicles in 2023 and is considering potential production sites in the United States and Europe, two people familiar with the matter told Reuters.