Turbulence in the Global Battery Metals Market: Lithium Supply Shortage by 2029, Cobalt Oversupply Continues
08/16/2024 14:44
The maturing global electric vehicle (EV) market presents unprecedented challenges and opportunities for the battery metals market. According to Argus Media, which presented at the MRAI International Conference held in Bangkok in late July, while global electric vehicle sales continue to rise, the tension in the battery metals supply chain is intensifying, with a sharp increase in demand for lithium and nickel. In contrast, the cobalt market faces pressure from oversupply.
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