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CNN CNN Newsroom With Pamela Brown June 4, 2024 00:11:00

we think that this is going to affect the lithium supplies in the short run. very likely we re going to see the lithium price going up. reporter: lithium is essential for technologies like electric car and smart phone batteries. while experts say the impact will be minimal if the shutdown only lasts a week, if they drag on, it threatens to snag already strained global supply chains and hike up prices for global consumers. the power cuts are yet another headache for factories after covid-related shutdowns. it could encourage the u.s. and europe to move more of their battery supply chains back home. also kind of strengthen people s belief that you can t rely on china too much for the battery processing. reporter: this is china s strongest and longest heat wave on record, lasting for more than 60 days, pushing temperatures above 110 degrees fahrenheit in some regions. it s put extreme pressure on the ....

Lithium Supplies , Lithium Price , Smart Phone Batteries , Electric Car , Power Cuts , Supply Chains , U S , Battery Supply Chains , Heat Wave ,

CNN CNN Newsroom Live June 4, 2024 09:44:00

Semiconductor factories like intel and texas instruments and suppliers of apple and tesla. most importantly, it is rich in one of the world s most important commodities, lithium. produces 30% for china. we think this is going to affect the lithium supplies in the short run, very likely we are going to see the lithium price going up. reporter: lithium is essential for technologies like electric car and smart phone batteries. while experts say the impact will be minimal if the shutdown only lasts a week, if they drag on, it threatens to snag already strained global supply chains and hike up prices for global consumers. the power cuts are yet another headache for factories after covid-related shutdowns. it could encourage the u.s. and europe to move more of their battery supply chains back home. also, strengthen people s belief that you can t rely on ....

Semiconductor Factories , Texas Instruments , Mainland China , Lithium Price , Smart Phone Batteries , Lithium Supplies , Electric Car , Power Cuts , Supply Chains , United States , Battery Supply Chains ,