CHARTS: EV battery metals bill sets new low as lithium, nickel, cobalt price slump continues
The raw materials bill for the average EV is now down to $510 compared to a peak of more than $1,900 at the beginning of last year.
Newmont Corp beat Wall Street expectations for second-quarter profit on Wednesday, as the world’s biggest gold miner benefited from robust production and easing costs.
On an adjusted basis, the Denver, Colorado-based company posted a profit of 72 cents per share for the April-June quarter, compared with analysts’ estimates of 62 cents, according to LSEG data.
(By Vallari Srivastava; Editing by Sriraj Kalluvila)
Read More: Gold price rally to boost profits for Newmont, Barrick
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