Over the next five years, demand for electric vehicles (EV) and electric storage systems (ESS) is expected to record a compound annual growth rate of 20 percent and 10 percent, respectively. Technological developments and the maturing of battery technology as a viable source of power have led to new requirements in terms of natural resources. Lithium, cobalt, graphite, nickel, aluminum and copper are highly likely to benefit from surging battery demand. Battery Boom, Why Now?...
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