Mining royalties would rise to 8% from 2% for raw precious stones. Rough industrial stones would attract a 6% royalty rate while cut industrial stones would be taxed at 3%.
According to a new report, in October the average EV sold globally contained 22% more nickel, 19% more cobalt and 15% more manganese than a year prior.
Palisade Radio recently interviewed Andrew Miller, Head of Price Assessments at Benchmark Mineral Intelligence, who shared his thoughts on the market for battery metals.
