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Ford Motor Moves Deeper Into Supply Network Vertical Integration

Supply Chain Matters

based Albemarle providing upwards of 100,000 metric tons of battery grade lithium hydroxide to supply 3 million Ford EV batteries starting in 2026. A supply agreement starting in 2025 involves EnergySource Minerals and Compass Minerals , for lithium supply to be produced in California and Utah. These agreements include U.S.

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4 Crucial Commodities to Watch in 2023

Resilinc

Due to electric vehicle (EV) production, demand for cobalt is expected to increase 293% by 2025. This means in order to meet the growing demand, lithium production must increase from 737,000 metric tons to more than 3 million tons by 2030 ( Washington Post ). Now, the leading use of cobalt is rechargeable battery electrodes.

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