UBS says ID.3 is the “most significant bet on EVs made by any legacy carmaker to date” prompting a super bullish upgrade to demand for lithium, nickel, cobalt, rare earth and graphite
Mining profits reach $230 billion a year, topped only by oil & gas, pharma; Lithium prices continue to soar – up 88% in 2021; Massive new port could give Vale back iron ore crown.
The US government is working to help American miners and battery makers expand into Canada, part of a strategy to boost regional production of minerals used to make electric vehicles and counter Chinese dominance.
Despite a big drop from December’s blowout high, January 2021 still ranks as the fourth best month for the MINING.COM EV Metal Index thanks to rising cobalt, nickel and lithium prices.
Canada can leverage its mining and processing expertise as well as its natural resource endowment and its world-leading environmental, social, and governance credentials.