Electric Vehicle battery makers are getting their hands on everything
One of the most abundant and essential ingredients in electric vehicle batteries is beginning to experience demand pressures, showing how supply chain troubles are getting deeper and the value chain even more expensive.
Tesla Inc. last week signed a deal with Australian mining company Syrah Resources Ltd. to procure materials from the firm’s Louisiana operations, with the raw inputs coming from Mozambique. Meanwhile, South Korean firm POSCO, the largest natural graphite NSE -0.07 % anode maker globally, bought a 15% stake in China’s Inner Mongolia Sinuo New Material Technology Co. Hong Kong-listed Graphex Group Ltd. recently set up a U.S. subsidiary and is looking to build a plant there.
