REUTERS/Ivan Alvarado/File Photo Acquire Licensing RightsLOS ANGELES, Nov 17 (Reuters) - Western lithium and graphite miners have started charging the electric vehicle (EV) supply chain higher prices for their material, meeting demand for environmentally-friendly and consistent supply that is not linked to China.
Lithium, the lightest metal, is used to make a battery's positively charged cathode and prized for its ability to store energy.
Miners say the surcharges make investors more comfortable financing new projects, especially as Chinese rivals have been known to sell metals below prevailing market rates.
Brazil's Sigma Lithium (SGML.V) has already begun selling its production at prices it says reflects its sustainability.
The surcharge talk comes despite recent plunges in a range of lithium prices.
Persons:
Ivan Alvarado, Patrice Boulanger, Shaun Verner, Amanda Hall, surcharges, Hugues Jacquemin, Ernest Scheyder, David Gregorio Our
Organizations:
REUTERS, Washington, China, EV, Panasonic Energy, Miners, Syrah Resources, Department of Energy, Tesla, ESG, Summit, Thomson
Locations:
Antofagasta region, Chile, China, Los Angeles, Brussels, Beijing, North America, United States, Louisiana, North, South America, Quebec