The battery and energy storage industry is watching intently the pending trade war between the US and its trade partners. Few industry players are willing to talk on the record about the situation – not least because it is a turbulent and unclear time.
But James Greenberger, executive director of the battery association NAATBatt International told BEST that trade tariffs may benefit certain industries in the US. But the lithium battery industry “will not be one of them,” he said.
Source: BEST Magazine: Read The Article
PSR Analysis: Tariffs cause uncertainty, and above all businesses crave economic stability. Trying to persuade a hypothetical investor to invest $1 billion in a battery or battery materials plant that will take about three years to build and which has to run profitably for at least 10 years afterwards in order for investors to receive an acceptable return, is unlikely to happen in these uncertain times. PSR
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
