Metals key for EVs likely pricier for longerBloombergMetals vital for making rechargeable batteries in electric vehicles (EVs) are set to extend their stunning rally into next year, potentially increasing costs for automakers and blunting a key weapon in the race to slow climate change. LITHIUM RECORDAn index of lithium prices has more than tripled this year to a record. “It’s hard to see any material changes in global market tightness in the short term,” the company said in a written response to Bloomberg News. As miners scurry to expand capacity, long-term electric vehicle demand bodes well for the material that is used in virtually all electric vehicle batteries. In China, the world’s biggest electric vehicle market, battery manufacturers have already started to feel the pinch from the escalating cost of raw materials.

Source: Taipei Times December 18, 2021 19:00 UTC