The value of metals used in batteries for the nascent electric vehicle industry measured for the first time
To get a better grip on the nascent sector MINING.COM combined two sets of data:
- First, prices paid for the mined minerals at the point of entry into the global battery supply chain.
London-based Benchmark Mineral Intelligence, a global battery supply chain, megafactory tracker and market forecaster, provides MINING.COM with monthly sales-weighted price data.
- Second, the sales weighted volume of the raw materials in electric and hybrid passenger car batteries sold around the world.
Toronto-based Adamas Intelligence, which tracks demand for EV batteries by chemistry, cell supplier and capacity in over 90 countries provides the data for the raw materials deployed.
WHILE MINERS ARE ENCOUNTERING THE PITFALLS OF VERTICAL INTEGRATION, THE GLOBAL AUTO INDUSTRY IS GETTING A CRASH COURSE IN MINING LEAD TIMES
Feel like a broken record, the amount of times I’ve said this!
Interesting development. Would you buy an ETF that tracked it?