– While major automakers such as Volkswagen (VOWG p.DE), Daimler (DAIGn.DE), and Stellantis (STLA.MI) have been rushing to secure battery cell supplies in Europe, they may face an even greater hurdle as they move toward electric vehicles: securing adequate battery raw materials.

Failure to get sufficient supply of lithium, nickel, manganese, or cobalt might stymie the transition to electric vehicles (EVs), raising their costs and jeopardising carmakers’ profit margins.