RE: Car makers making moves for mining assets26 Oct 2021 16:06
Globally there are plans for 247 battery plants with a total output of more than 4,600 GWh, according to Benchmark Minerals, a data company. The industry is dominated by Asian companies, including China’s Contemporary Amperex Technology Ltd, South Korea’s LG and Japan’s Panasonic.
Europe and the US are generally regarded to be behind in producing car batteries. However, a wave of investment has swelled in Europe in recent years, including inward investment by Asian companies and startups such as Northvolt.
Battery production ramping up , materials obviously in demand !