Volume 95 Issue 37 | pp. 21-23
Issue Date: September 18, 2017

Metal prices challenge battery sector

European materials firms take positions as electric car adoption accelerates
Department: Business
Keywords: Energy storage, lithium-ion, cobalt, battery material, nickel, BASF

Elon Musk, head of the electric car company Tesla, disclosed in August that more than 450,000 people have placed deposits on the firm’s latest electric car, the $35,000 Model 3. The U.S. firm will start producing it at scale next year. Such strong consumer interest in an electric car is unprecedented and marks a tipping point for electric cars entering the mainstream.

And Tesla isn’t going it alone. In recent months a slew of carmakers—including . . .

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