Global EV Demand Drives Scramble for Fresh Supplies of Vital Metals
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.
- 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.
- Numerous global corporations are competing for access to limited supplies of battery metals.
- In addition to creating new demand for battery metals, EVs are also challenging nations to compete in order to expand battery-producing capacity.