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Commodities Used in Electric Car Batteries: An Update on Lithium and Nickel

Resilinc

High-temperature alloys, created primarily using cobalt, are essential for advanced technologies like semiconductor fabrication, electric vehicle batteries, and aerospace products. To meet this demand and ensure a sustainable supply chain, Australia, Chile , China, and Brazil are proactively ramping up their lithium production.

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4 Crucial Commodities to Watch in 2023

Resilinc

Currently, Chile has the largest reserves of lithium and is the world’s second-largest producer behind Australia; in 2021, Chile produced 25% of the world’s lithium, while Australia produced more than half, 52%. Automotive, aerospace, and healthcare industries—all of these industries use parts that contain polysilicon.”

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