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Lithium producers in favour as electric vehicle sales surge


Lithium producers in favour as electric vehicle sales surge
Sales of electric vehicles rose 41% in 2020, despite global car sales falling 6% during the global pandemic, and that has led to a looming lithium supply crunch.
Eighteen of the world’s top 20 vehicle makers have announced plans to rapidly scale production of EVs.
Resources companies with lithium production capabilities are increasingly coming into favour, as a supply crunch for the battery metal looms amid surging electric vehicle (EV) sales.
The latest report by the International Energy Agency (IEA) revealed there were 10 million EVs on the world’s roads by the end of 2020, with EV registrations rising by 41% - despite global car sales falling by 6%. ....

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