Battery Metals Surging in Demand, Global Supply Runs Tight
As the desire for electric vehicles increases, the demand for battery metals like lithium and cobalt continues to rise.
Source: agmetalminer.com
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As the desire for electric vehicles increases, the demand for battery metals like lithium and cobalt continues to rise.
The market was quick to voice concerns over possible supply issues. News of the sanctions caused the LME's nickel price to jump 6%.
While supply chain issues remain a problem globally, industrial metal prices in the US are being impacted by a looming recession.
While supply chain issues remain a problem globally, industrial metal prices in the US are being impacted by a looming recession.