Carmakers Urged to Invest in Mines to Avoid Battery Metal Pinch
- Funding squeeze risks raw materials pipeline: Clean TeQ CEO
- Auto sector has so far made only some limited investments
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Mine developers scrambling to fund projects to meet forecast demand for battery metals see the threat of looming supply crunches as a trigger for electric-vehicle makers to step in with investments.
An already tough environment to raise project finance for the mines is being made worse by the impact of the coronavirus pandemic and plunging global auto sales. It’s a scenario that’s threatening to slow a pipeline of operations planned to supply lithium, nickel and cobalt materials.