Shortage of raw materials to hit EV battery production

EV batteries are set to cost more as the price of lithium, cobalt and nickel soar. In China, the biggest maker of EV batteries, a ton of lithium is $41,000 a ton, says the Nikkei, which is five times more than last year. The price of cobalt has doubled since January 2021  to $70,000 a ...

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