Automakers need more time to meet U.S. minerals requirements The pressure is on for automakers to align with the US' IRA. Some of them must be interested in FT's cobalt.
“I don’t think that you can transform the mineral production and extraction within the next two to three years,” Di Si said on Wednesday in Detroit. “You cannot change the sources from Congo, China and other places within two to three years.”
VW America’s chief purchasing officer, Inga von Seelen, said on Tuesday at the Reuters conference that the German automaker has to source battery materials from where they are available.
VW has a supply agreement for batteries from an SK Innovation plant in the U.S. state of Georgia and in August struck a battery materials cooperation agreement with mineral-rich Canada in a move to secure access to lithium, nickel and cobalt.
https://financialpost.com/pmn/business-pmn/automakers-need-more-time-to-meet-u-s-minerals-requirements-for-evs-execs-2