Auto OEMs getting more involved in supply chain
There were some interesting takeaways from the Q4 company results calls, with both Albemarle (NYSE:ALB) and Livent (NYSE:LTHM) highlighting how active Auto OEMs are getting in the supply chain. Both Auto OEMs and battery producers are now trying to lock up raw materials and it looks increasingly as though they will be making raw materials available to cathode makers on a toll treatment basis. Both companies referred to a consolidation of the number of decision makers on purchasing decisions. Albemarle highlighted that demand for lithium continues to grow robustly and estimates that there are c.6 months’ of inventory in the...