EV sales fall puts pressure on battery metals

AN overview of the electric vehicle market by S&P Global Market Intelligence analyst Alice Yu has forecast global passenger plug-in vehicle sales to decline by almost 6% over 2020, as sales for all vehicles in China fall, more than offsetting sales growth in the European Union, with knock-on impacts for lithium and cobalt miners.

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While total EV sales are expected to fall to just over two million units, amid an anticipated 19% decline in overall passenger vehicle sales, Yu expects there will be a rally in lithium and cobalt

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