The markets for metals such as lithium and cobalt, which soared in 2018 before slumping on concerns about oversupply, will be underpinned by a step change in battery demand. Global EV sales are projected to surge 60% this year, according to BloombergNEF.“Now it’s much more real,” Aleksandr Khodov, lead analyst for nickel and cobalt at Trafigura Group, said in a phone interview. “We’re not talking about hundreds of thousands of electric vehicles anymore, we’re talking about more than 5 million in 2021.” QUOTE.Back in business with justified growth IMO.
