Scramble for electric car battery materials heats up as GM, Ford ink deals | Autoblog

Motor Co. revealed a list of suppliers of inputs ranging from Argentine lithium to Indonesian nickel — enough to build 600,000 EVs a year.

“These deals underscore the importance of locking in long-term and diverse sources of raw materials,” said Chris Berry, president of House Mountain Partners, an industry consultancy. “Access to the raw materials is going to be very interesting to watch in the back half of this decade.” The first of GM’s new arrangements for its next-generation EVs is with LG Chem Ltd. to supply 968,000 metric tons of cathode material through 2030. The second is a multi-year agreement with Livent Corp. to secure lithium. The third is a venture with Posco Chemical Co. to supply cathode materials from 2023 to 2025.

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