ENERGY MINERALS

BMO ups battery metal demand expectations

Better-than-anticipated electric vehicles sales in China and Europe have prompted investment bank BMO to increase its 2021 sales forecast by 90% and its penetration forecast to 2-3 million EVs per year over the decade, with knock-on demand increases for lithium, nickel, copper and cobalt.

Staff reporter
 BostonEVs.jpg

BostonEVs.jpg

The bank said the EV market offered greater variety and affordability for consumers, which was being exaggerated by the introduction of "more stringent" European emission standards to push demand.  ...

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