A Lithium Renaissance Driving Electric Vehicles, Thematic ETFs March 11, 2021
As the fight against climate change gains traction, the boom in the electric vehicle industry has helped fuel demand for lithium, charging up mining and battery ETFs in the process.
Over the past year, the
According to Benchmark Mineral Intelligence, lithium carbonate, a compound of the silvery metal used in batteries that power most electric car automobiles, has surged 68% since the start of the year to $11,250 a metric ton, the Wall Street Journal reports.
Analysts and industry executives argued that the coronavirus pandemic could be a turning point for the lithium market. Many believed that the end to lockdowns could support pent-up demand for electric cars that has diminished surplus stocks of the lithium metal. Meanwhile, global governments have emerged from recessions with pledges to invest in clean-energy projects as part of their recovery plans.
Economic Watch: Chinese auto sales surge in February - Buz & Tech News
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Economic Watch: Chinese auto sales surge in February
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Economic Watch: Chinese auto sales surge in February
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