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"Global electric car stock surpassed 2 million vehicles in 2016, after crossing the 1 million vehicles threshold in 2015"

Cobalt, nickel and lithium companies aren't the only ones salivating at the prospect of rapid expansion of the global EV vehicle fleet. Alkane Resources (ASX: ALK) is seeking funding for one of the world's biggest new rare earth oxide mines in Australia and marketing general manager Alister MacDonald says there is plenty of room for REO prices to skyrocket without affecting growth in their use in EVs.