European consumers are getting hefty incentives to buy electric cars, mining projects are getting delayed and some auto plants are reopening. All of that will pull lithium out of the doldrums.
That’s the view of Albemarle Corp., the world’s largest producer of the battery metal.
Despite mining delays as well as restarts of some auto plants following coronavirus lockdowns, prices for the metal used in electric-vehicle batteries remain at multiyear lows. But the head of Albemarle’s lithium business says hefty incentives for consumers to buy EVs in Europe, as well as changes to encourage carmakers to build greener