The number of electric vehicles on roads worldwide rose to a record high of 2 million last year, according to the International Energy Agency (IEA). That represented a doubling from the 2015 tally but electric cars still only accounted for 0.2 percent of the global count.
How many will there be in five years’ time? Or in 10 years’ time? The answer to that question will determine the fortunes of multiple metals over the coming years.
Battery materials such as lithium and cobalt are already bubbling as supply chains which have historically evolved to meet niche applications adapt to the much bigger demands of the green technology revolution. Continue Reading →