Right now the entities in the EV battery game want to build out, it's unlikely therefore they'd constrict and choke an ever increasing demand.
That said, there absolutely is the potential for large key players to aquire more control and|or to maximise their profits rather than minimise and end price.
Today’s battery and minerals supply chains revolve around China
China produces three-quarters of all lithium-ion batteries and is home to 70% of production capacity for cathodes and 85% for anodes (both are key components of batteries). Over half of lithium, cobalt and graphite processing and refining capacity is located in China.
Europe is responsible for over one-quarter of global EV assembly, but it is home to very little of the supply chain apart from cobalt processing at 20%.
The United States has an even smaller role in the global EV battery supply chain, with only 10% of EV production and 7% of battery production capacity.
Korea and Japan have considerable shares of the supply chain downstream of raw material processing, particularly in the highly technical production of cathode and anode material. Korea is responsible for 15% of global cathode material production capacity, while Japan accounts for 14% of cathode and 11% of anode material production. Korean and Japanese companies are also involved in the production of other battery components such as separators.
Most key minerals are mined in resource-rich countries such as Australia, Chile and the Democratic Republic of Congo, and handled by a few major companies.
That said, there absolutely is the potential for large key players to aquire more control and|or to maximise their profits rather than minimise and end price.
https://www.iea.org/reports/global-supply-chains-of-ev-batte...