Maybe thats why this is in the news."Electric vehicle sales are expected to hit a record 9% of all passenger vehicles in the U.S. this year, according to Atlas Public Policy. That will be up from 7.3% of new car sales in 2022.
It will be the first time more than 1 million EVs are sold in the U.S. in one calendar year, probably reaching between 1.3 million and 1.4 million cars, the research firm predicts."
I haven't looked at suggested numbers for 2024 yet but if it only grows at the current 7-9% that will require a lot more minerals.
But i agree supply and demand will determine the price and new mines coming online. As was in the news last week some mines are already slowing production and anticipating/considering holding production. Mothballing.
