(Reuters) – The electric vehicle industry must pay more for lithium in order to spur investment and prevent future supply crunches of the battery metal, the chief executive of lithium producer Livent Corp., Philadelphia, PA, United States, (LTHM.N) said on Friday.
Demand for EVs is expected to surge in coming years, spurred in part by government mandates, rising concern about climate change and other factors.
But the coronavirus pandemic has paused that trend, causing a short-term oversupply of lithium, pushing down prices more than 10% this year and forcing producers of the white metal to halt expansion projects.
Livent CEO to EV industry: sign better deals or risk lithium supply is automatically crawled from the Internet by robots. If the author of the article zlf does not want your work to appear on our website, please contact us as soon as possible, and we will delete it as soon as possible. https://www.energystorages.tech/128293.html