TOKYO -- The competition to produce raw materials for electric vehicle batteries is taking a potentially dangerous turn as suppliers pursue expensive expansion efforts amid softening markets for critical commodities such as lithium and nickel.
A worker processes nickel at a nickel smelter. © Reuters
Market Spotlight
EV battery material suppliers brace for gluts as competition heats up
Lithium, nickel producers expand as U.S. pushes for non-Chinese supplies
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