Business Standard

Batteries, metals and a supercycle

Lithium prices have softened this year, but the market balance is impacted by multiple developments

Lithium-ion batteries, clean energy, electric

Lithium-ion batteries at an energy storage facility in California. Photographer: Bing Guan/Bloomberg

Vandana Gombar
The energy transition will require a bevy of metals — steel, aluminium, copper, lithium, nickel, cobalt, rare earths, silver and manganese — and the supply for most is constrained. Lithium is often at the centre of conversations, as are the deals that car companies are signing up with mining companies.

General Motors announced an equity investment of $650 million in Lithium Americas to develop the largest US lithium deposit in January. That could support production of up to 1 million electric vehicles (EVs). Production is expected to begin in the second half of 2026. Ford sealed a pact with Liontown
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Mar 02 2023 | 10:14 PM IST

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