Goldman Sachs: EV Producers Grapple With Rising Battery Costs ...Middle East

Rising demand for battery metals and minerals will lead to an increase in EV battery costs, Goldman Sachs analysts said in a note, pointing out that this could lead to an increase in EV prices. “Prices for the three main natural resources have been rising since the start of 2021,” the Goldman analysts said, as quoted by CNBC. “We believe that in order to promote sustainable EV industries, some countries may consider implementing policies to increase national stockpiles.” The battery accounts for between 20 and 40 percent…

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