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The impact of COVID-19 outbreak on the whole lithium ion battery supply chain logistics

(Summary description)

The impact of COVID-19 outbreak on the whole lithium ion battery supply chain logistics

(Summary description)

  • Categories:Industry information
  • Author:Pamela
  • Origin:Battery university
  • Time of issue:2020-04-07 17:53
  • Views:10
Information

According to foreign media reports, recently, lithium ion battery industry professional information provider Benchmark Minonal Intelligence released a report, the content shows: COVID - 19 outbreak, the entire lithium ion battery supply chain logistics slowed down, and has threatened the production and use around the world.

 

 

Among them, Australia, a major producer of lithium, requires members of the association of mining and exploration companies to pay strict attention to intercontinental travel restrictions. In South America, Chile imposed a national ban, parts of Santiago were quarantined and Argentina imposed a nationwide quarantine. In Africa, supplies of cobalt have been disrupted by border and port closures in South Africa and by quarantine policies in Congo, the producer of the raw material.

 

So far, there hasn't been much news of a major shortage of raw materials for batteries or anode and cathode materials, but according to Benchmark, that's largely because the industry is oversupplied in 2019, which happened to be the period when some inventory was eliminated. But transport constraints and logistical delays have led to concerns across the global battery chain about the availability of raw materials and the ability to deliver finished products to customers.

 

Upstream, Albemarle, a leading us lithium producer, said the outbreak had had a significant impact on its finances, with first-quarter profits expected to fall 20-25 per cent year on year and 15-20 per cent in the first half, largely due to logistical constraints during the outbreak.

 

 

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