Automakers to trading houses from North America to Europe are becoming more concerned about future supply shortages of key materials needed for electric vehicle batteries as spending on new production soars, according to the developer of a $1.5-billion project in Australia.
More than a dozen parties have now expressed interest in taking up as much as a 50% stake in Clean TeQ Holdings’ Sunrise nickel/cobalt/scandium project, CEO Sam Riggall said Monday in an interview. They include companies in regions that until recently had shown less impetus to tie up raw material supplies.