Why Lithium Isn’t the Big Worry for Lithium-Ion Batteries – Cobalt and nickel bottlenecks are a much bigger threat.
Lithium-ion battery production is more likely to be constrained by cobalt or nickel supplies than by lithium availability, experts believe.
Li-ion battery makers use both metals in greater quantities than lithium, which has been the subject of significant supply concerns as battery production ramps up. In fact, none of these minerals are worryingly scarce in nature.
What troubles some observers, however, is that cobalt and nickel are susceptible to greater supply-chain risks because of the countries that control the resources.