EV boom threatens supply of lifesaving medicine in Japan

Drugmaker Mitsubishi Tanabe to stop making lithium tablets due to shortage risk

202030802 Lithium shortage 2

Lithium is a key ingredient in medicines used to treat bipolar disorder as well as to make batteries for electric vehicles.  © Reuters

RYOHTAROH SATOH, Nikkei staff writer

TOKYO -- The global electric vehicle boom threatens to exacerbate shortages of cheap but lifesaving drugs in Japan as soaring demand for EV battery materials like lithium pushes prices of key ingredients higher.

Japan's Mitsubishi Tanabe Pharma plans to end production and sales of lithium carbonate tablets, used for treating manic episodes of bipolar disorder, due to the risk of future shortages and price hikes for lithium, Nikkei Asia has learned.

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