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>Carmakers urged to invest in mines to avoid battery metal pinch; 'Mind-blowing' projections from auto industry shift supply stream
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Carmakers urged to invest in mines to avoid battery metal pinch; 'Mind-blowing' projections from auto industry shift supply stream
MINE DEVELOPERS scrambling to fund projects to meet forecasted demand for battery metals see the threat of the looming supply crunch as a trigger for electric-vehicle makers to step in with investments, according to Reuters. An already tough environment to raise project finance for the mines is being made worse by the impact of the coronavirus pandemic and plunging global auto sales. It's a scenario that's threatening to slow a pipeline of operations planned to supply lithium, nickel and cobalt materials.
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