Metals Behind EV Revolution to Resume Volatile Rally - Again

Battery metals lithium and cobalt are set to extend gains
Electric-vehicle sales to surge 60% this year: BloombergNEF

Operations At Bald Hill Lithium Mine As Lithium Sector's Newest Exporter Sees No Threat of an Oversupply — Photographer: Carla Gottgens/Bloomberg

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By Annie Lee and Eddie Spence

January 15, 2021 at 1:44 AM UTC

This article is for subscribers only.

Battery metals are set to rebound this year as an electric-vehicle boom is bolstered by post-pandemic push for a green economic recovery.

U.S. President-elect Joe Biden has indicated the sector could get a boost, while China wants new energy vehicles to account for about 20% of total new car sales by 2025. Germany has extended subsidies on EVs for an extra four years, and the U.K. will ban sales of new petrol and diesel cars from 2030.