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builders will tear metals for batteries

The car manufacturers are multiplying ads promising full ranges of electric vehicles in the early 2020s. Behind the scenes, raw material supply contracts are organizing, with the concern already to miss the precious resources that should make possible the transition from the era of the engine to that of the electric motor.

And with good reason, according to the latest studies since access to metals such as cobalt, nickel or lithium could become very complicated by the middle of the next decade.

According to a study Wood Mackenzie, metal supplies are still sufficient at present, but short term market effects have pulled prices down, not encouraging producers to increase production.

Gigafactory 1 from Tesla where electric batteries are produced

However, demand will increase rapidly as players create and expand their ranges of vehicles, to the point of making the offer very tense, and especially as terrestrial reserves some metals may not be sufficient to meet all needs.

Wood Mackenzie's analysts point out that investments must be shaped right now to cope with this pressure of demand. By 2025, 7% of global vehicles sold will be electric, and 38% by 2040.