Key raw materials used to power electric vehicles (EVs) have become the center of attention lately, with governments taking notice of how essential they are for the green transition.
Metals such as lithium, cobalt and nickel are making news headlines globally as the western world continues to build out and strengthen its supply chains.
In North America, governments have called for more domestic sources of raw materials, as well as local processing of essential minerals used in lithium-ion batteries; they have also made partnerships with allies a crucial part of the move towards more independence from China.
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Read on to learn what trends and challenges could be ahead for North America as it races to secure supply of key raw materials for its growing EV industry.
Building North American supply chains to compete globally
In 2021, the move away from fossil fuels to green energy sources has gathered pace, with EVs at the forefront of most governments’ decarbonization plans.
Speaking with the Investing News Network (INN) earlier in 2021 about the buildout of supply chains, Andrew Miller of Benchmark Mineral Intelligence said the battery metals industry as a whole needs both government policies and industry participants to accelerate.
“I think we certainly have the industry stepping up, we’ve seen that through the tens of billions of dollars that have...
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