Commodities Used in Electric Car Batteries: An Update on Lithium and Nickel
Resilinc
NOVEMBER 1, 2023
In 2022, the US passed the Inflation Reduction Act (IRA) to provide tax incentives and funding to create a clean energy economy. This transformation has triggered a substantial price surge, with nickel prices tripling since 2016 , underscoring supply constraints amid the accelerating adoption of electric cars. What is Cobalt?
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