EV Update: Carmakers Scaling back on EVs - Reuters:

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LG Energy Solution, General Motors, Honda and other auto and battery makers have trimmed EV expansion plans in recent weeks, partly due to rising interest rates, which in turn has stoked concerns of a supply glut for the battery metal.

Livent, which supplies BMW and Tesla said it continues to expect strong lithium sales despite its own weak results. "We see (lithium) supply continuing to be the constraint on demand," said Livent CEO Paul Graves.

https://www.reuters.com/markets/commodities/lithium-producers-stay-bullish-evs-despite-growing-headwinds-2023-11-02/

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