While there has been a lot of attention on nickel, especially after the Russia-Ukraine conflict, lithium is a growing concern among manufacturers and supply chains. Used primarily to make lithium-ion batteries (but also for pharmaceuticals and industrial lubricants), the cost of the metal has been skyrocketing. Prices more than doubled in the first quarter of 2022. And that's after rising 280% last year. Click on the image to learn more in a Bloomberg article.
Lithium mining in Jujuy Province, Argentina. Source: Lithium Americas
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