Hauling Industry News

EV Makers Urged to Partner With Miners to Secure Key Metals

By Pulltarps Mfg | September 16, 2022

James Fernyhough | Bloomberg News

A key lithium producer in Australia, the world’s top supplier, is urging electric car manufacturers and battery makers to become its partners in new refinery projects, arguing their direct financial backing is vital to avoid shortfalls of the material that’s crucial to the clean energy transition.

Pilbara Minerals Ltd. is seizing on a current rush by automakers to secure future supplies of battery materials by seeking new deals with customers to jointly develop refineries, Chief Executive Officer Dale Henderson said in an interview.

“There’s certainly a level of desperation from some groups” who are end-users of lithium and seeking more access to output, he said. “If you believe the supply-demand outlook, there’s going to be a shortage, and the car companies who haven’t secured the supply chain are going to have a problem.”