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
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.