Rising raw material costs are driving the increases; Credit Getty Images
Dacia Spring costs have risen as a result of rising raw material costs
While some are shifting to lower-cost lithium iron phosphate batteries, Renault is sticking to the costlier nickel, manganese cobalt mix
London Metal Exchange; credit Getty Images
The surging costs of raw materials for battery cells prompted a half-joking plea from Tesla CEO Elon Musk for investors to get into lithium mining and refining. “Do you like minting money? Well, the lithium business is for you,” he said on the company’s Q1 earnings call in April.
