Tesla, GM have to balance long term sourcing, short-term supply needs — Panjiva
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Tesla, GM have to balance long term sourcing, short-term supply needs

Chile 115 China 3048 Cons. Discr. - Autos 1247 Coronavirus 511 European Union 878 Materials - Metals/Mining 792 U.S. 5399

Electric vehicle (EV) manufacturers are facing “increased urgency” to secure their long-term, primary resource supply chains according to ioneer’s MD, Berhard Rowe. Tesla’s deal to secure cobalt from Glencore is one example. Sourcing of lithium will also become important next year. Global demand for lithium for EV batteries may fall by 4.2% year over year in 2020 before rebounding by 18.7% in 2021 according to S&P Global Market Intelligence. The toll of COVID-19’s disruptions on the autos sector can be seen in a 43.2% drop in EV battery imports in April while lithium shipments fell by 31...

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