Lithium Heats Up
Bloomberg Businessweek US|December 05, 2022
As Ford and GM start financing miners, Tesla’s dominance among suppliers is slipping
David Stringer, Yvonne Yue Li and Gabrielle Coppola
Lithium Heats Up

For years, only one customer mattered in the market for lithium and other metals used in electric vehicle batteries: Tesla Inc. The prospect that a new mine might end up feeding Elon Musk's automaker was enough to persuade cautious lenders to finance a project or convince investors that untested operations had a shot at meeting ambitious sales projections. And as the biggest buyer in a sector filled with startup miners, Tesla wielded unusual power to dictate terms, typically locking in long-term supply deals at fixed prices.

An aggressive push into electric vehicles by legacy car manufacturers, and worries over tight markets for lithium and other key materials such as nickel and graphite, is upending those dynamics. Ford Motor Co. and General Motors Co. have roiled the industry by striking generous pacts with prospective suppliers that include commitments to pay upfront for future deliveries or offer cheap loans to build new mines.

هذه القصة مأخوذة من طبعة December 05, 2022 من Bloomberg Businessweek US.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 05, 2022 من Bloomberg Businessweek US.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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