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Falling EV sales put pressure on battery metals

An overview of the electric vehicle market by S&P Global Market Intelligence analyst Alice Yu has forecast global passenger plug-in vehicle sales to decline by almost 6% over 2020, as sales for all vehicles in China fall, more than offsetting sales growth in the European Union, with knock-on impacts for lithium and cobalt miners.

Falling EV sales put pressure on battery metals Falling EV sales put pressure on battery metals Falling EV sales put pressure on battery metals Falling EV sales put pressure on battery metals Falling EV sales put pressure on battery metals
While total EV sales are expected to fall to just over two million units, amid an anticipated 19% decline in overall passenger vehicle sales, Yu expects there will be a rally in lithium and cobalt

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