Jim Farley says both lithium and nickel are really the key constraining commodities in the lithium-ion batteries the company uses.
Ford Motor Company CEO Jim Farley believes battery supply chains could stand in the way of companies wanting to go all-electric., Farley talked about the challenges of sourcing enough battery materials and processing them to build batteries for an increased electric vehicle production.
The executive pointed out that most raw metals mined in the United States get sent to China to be processed, which the US actively trying to counter through"The big change is going to be onshore all that capability of processing but also mining back in the US. It will be a huge job, just like it has for semiconductors," Farley noted.
The US has outlined five minerals it deems"critical" to the EV transition that have supply chains at risk: lithium, cobalt, manganese, nickel, and graphite. Lawmakers and executives from the mining industry have already raised alarms about mineral supply.
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