EVs prove to be a bumpy ride for battery metals


Battery revolution: The chemical symbol for lithium sulphate is projected onto a tank at the opening of the Mercedes-Benz Group AG battery recycling plant in Kuppenheim, Germany. Even lithium is at risk of substitution from sodium-ion batteries. — Bloomberg

ELECTRIC vehicles (EVs) were supposed to supercharge demand for metals such as lithium, nickel and cobalt.

Yet prices for all three EV battery inputs have fallen to such bombed-out levels that producers are curtailing output and deferring new projects.

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