Critical Minerals Race Heats Up as Battery Demand Wanes ...Middle East

OILPRICE - Economy
Critical Minerals Race Heats Up as Battery Demand Wanes
source : OILPRICE ( Middle East ) () 99
Just a couple of years ago, electric vehicles were among the hottest industries out there. Listings sent their shares through the roof. Everyone wanted in on the electrification of transport. Now, EV makers are going bust left and right, and battery makers are in distress as demand for their product slumps. Yet miners are doing well—at least some of them. A mining startup called KoBold Metals recently raised $537 million from investors including Bill Gates and Jeff Bezos. That latest funding round valued the company at a respectable $2.96…

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