Goldman Sachs has bad news for metals investors and good news for EV makers ...Middle East

Quartz - Economy
Goldman Sachs has bad news for metals investors and good news for EV makers
source : Quartz ( Middle East ) () 14
One of the biggest stumbling blocks for the widespread adoption of electric vehicles (EVs) is the shortage of metals used to make EV batteries. The mines that produce lithium, nickel, and cobalt haven’t expanded fast enough to keep up with the soaring demand for electric cars. As a result, prices for those metals have spiked, threatening to drive up the cost of batteries and EVs (as well as laptops, cellphones, and any other portable electronic device that uses a lithium-ion battery).High metal costs could cause the price of batteries to rise this year for the first time in more than a decade, according to analysts at the climate-focused research group Bloomberg New Energy Finance. And, sinc

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