How Slowing EV Sales Are Affecting the Lithium Boom

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.6 • 1.6K Ratings

🗓️ 27 February 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Metals like lithium and nickel are important components of lithium-ion batteries, which, among other things, power electric vehicles. But as momentum has slowed for EV sales, so has demand for the metals that make up its batteries. Now even metal producers used to price fluctuations are having to make tough choices about whether to slow their mining operations, or cancel projects altogether. WSJ reporter Rhiannon Hoyle joins host Alex Ossola to talk about the field of battery metals, and what it means for the future of EVs. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This message comes from Wall Street Journal sponsor C3 AI.
0:04.0	C3 Generative AI equips enterprises with verified, traceable answers.
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0:13.4	Learn more at C3. AI.
0:15.9	This is Enterprise AI.
0:18.0	Welcome to Tech News Briefing. It's Tuesday, February 27th. I'm Alex Osala for the Wall Street Journal.
0:28.0	Coming up on today's show, Tesla's newest model, the much-hiked Cyber cyber truck finally arrived late last year.
0:34.8	But what is it actually like to drive?
0:37.1	W.S.J. Auto columnist Dan Neal tells us how the truck handled on and off the road. And then, E.V. sales momentum has slowed.
0:45.4	That's causing the price of some metals to fall dramatically.
0:48.8	We'll find out why lower metal prices could actually
0:51.2	make E.V.
0:51.8	E. is cheaper in the future.
0:53.2	From W.S.J. reporter, Ryanen Hoyle.
0:59.2	But first, before W.S.J. Auto columnist Dan Neil got behind the wheel of Tesla's cyber truck for the first time,
1:06.0	he knew the car was polarizing. But once he got into one, a $100,000 cyber truck all Wheel Drive Foundation series to be exact.
1:15.0	He found quite a few things that surprised him.
1:17.6	Dan took a test drive that he described as a thrashing.
1:20.5	Now he joins me to help answer one big question that remains.
1:24.0	Is the Cyber Truck truly something different?
1:26.0	Dan, what were your first impressions of the Cyber Truck?
	...

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