Ev Update: Metals Prices Lower than Expected

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"Experts projected that the “electric vehicle revolution” would increase both metal demand and metal prices, especially when it comes to rare earth elements and crucial raw materials like lithium, cobalt, and nickel. However, the U.S. metal markets continue to suffer from lower-than-expected EV demand."

"Several variables prevented the expected boom in EV adoption from happening at the predicted rate. The high cost of EVs continues to hinder the market’s growth, as does the lack of a widespread infrastructure for charging them and persistent consumer anxiety regarding range.

All in all, consumer acceptance of electric vehicles has not kept up with the output of automakers like Tesla, Ford and General Motors. " 

https://agmetalminer.com/2024/08/06/automotive-mmi-ev-demand-metals-prices/

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