Tag: Cobalt

Industry Focus Areas, Motorized Vehicle

GM Strikes Deal to Secure Cobalt for Electric-Car Batteries

April 12, 2022

Via: The Wall Street Journal

General Motors Co. has struck a multiyear agreement to source cobalt from commodities firm Glencore PLC, the latest in the auto industry’s rush to secure key battery ingredients for electric vehicles as raw materials prices rise. GM said Tuesday the […]

Process, Production

Shortage of raw materials to hit EV battery production

January 3, 2022

Via: Electronics Weekly

In China, the biggest maker of EV batteries, a ton of lithium is $41,000 a ton, says the Nikkei, which is five times more than last year. The price of cobalt has doubled since January 2021 to $70,000 a ton […]

Industry Focus Areas, Logistics, Motorized Vehicle, Process

Electric-Vehicle Surge Sends Cobalt Prices Soaring

January 22, 2021

Via: The Wall Street Journal

A 20% rise in the price of cobalt since the beginning of this year shows how the rush to build more electric vehicles is stressing global supply chains. Already a shortage of semiconductors is slowing the recovery in auto production. […]