Recent rallies in the prices of key battery metals such as lithium and cobalt could slow down the adoption of electric vehicles (EVs) as higher input costs could mean that battery pack prices may not continue to fall as steeply as analysts have predicted. So far this year, the growing demand for EVs and the numerous statements from major legacy automakers about focusing on electric mobility have sent the prices of the key metals lithium and cobalt soaring. In recent months, the lithium market has shown signs of reversing the slump of the…
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