ROI-EV revolution rolls on but battery metals lose their charge: Andy Home
The battery metals market, including lithium, nickel, and cobalt, faces challenges due to oversupply despite growing EV demand. China's shift to lithium-iron-phosphate (LFP) batteries is impacting nickel and cobalt demand. Indonesia and Congo, major producers, struggle with surplus and market volatility. Lithium remains dominant but faces competition from sodium-ion technology. The evolving battery chemistry landscape is reshaping the market dynamics for these metals.
Reuters·
