US Co demand outlook mixed on Tesla shift

摘要

New US battery facilities could curb the demand impact of Tesla's plans to remove cobalt from its batteries over the next three years. Tesla said this week that it will stop using cobalt in its new 4680 lithium-ion batteries, substituting manganese and nickel-based cathodes. But growing demand and new elec- tric vehicle (EV) plants built by other manufacturers could cushion this drop in demand. N^Andrew Saucer