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Rocketing Metal Prices Threaten to Hinder EV Affordability


Rocketing Metal Prices Threaten to Hinder EV Affordability
Bloomberg
2 hrs ago
Annie Lee
(Bloomberg) A surge in demand for electric vehicles is sending the price of raw materials soaring, threatening to slow the push toward making cheaper batteries that are key to more widespread adoption.
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Lithium, the mainstay for rechargeable power packs used in EVs, is roaring back after a three-year slump in prices, while cobalt surged about 57% last quarter. Nickel jumped to a more-than six-year high earlier this year on optimism about the clean energy transition, though fell in March on plans by a top Chinese producer to beef up its battery business. ....

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