Dear Clean TeQ News Subscribers,
TheMINING.COMEV Metal Index, which tracks the value of battery metals in newly registered passenger EVs (including hybrids) around the world set a fresh monthly record of $512.2 billion in December 2020, racing past the previous record and doubling from a year ago.
The analysis, which is availableHERE, illustrates that EV makers are significantly exposed to nickel and cobalt prices (compared to lithium and graphite).
The data shows how the relatively modest firming of nickel and cobalt prices over the past few months has translated into a significant increase in the proportion of battery cost made up of those metals.
Yours sincerely, Clean TeQ Investor Relations |