Batteries: the rush of automakers for raw materials

Published on September 26, 2022, 6:30 amUpdated September 26, 2022 7:40 AM.

Lithium, cobalt, nickel: raw materials for the production of electric batteries are becoming strategic for the automotive industry. So much so that manufacturers are multiplying initiatives to secure access to these valuable resources.

In the latest announcement to date, German companies Volkswagen and Mercedes signed agreements with Canada at the end of August guaranteeing the supply of critical minerals from local producers. Volkswagen Group technical chief Thomas Schmall said he was ready to “acquire stakes in Canadian mines or mine operators.”

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