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EVs to drive battery metal growth

The growth of electric vehicles (EVs) is expected to drive demand for key battery raw materials, especially lithium, nickel and cobalt, in the coming years, with these metals expected to see double-digit demand growth over the next five years.

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Electric vehicles will drive battery metal demand

Wood Mackenzie principal analyst Farid Ahmed told the Battery Council International convention in Tuscon at the end of April that the growth rate in EVs was set to be "phenomenal", although it would