Global EV Demand Drives Scramble for Fresh Supplies of Vital Metals
NetworkNewsWire Editorial Coverage: With global electric vehicle (EV) demand growth creating the potential for tight supplies in battery metals such as cobalt, multinational companies and industrialized nations are working to secure these critical metals as prices are projected to rise. The growing market for electric vehicles has led to much higher demand for battery metals such as cobalt, lithium and nickel. As the largest producer of EVs and largest consumer of battery metals in the world, China is aggressively looking to secure additional supplies of these critical minerals. Savvy companies are looking to lock in long-term supplies of battery metals.…