RE: Ref: SP9 May 2019 12:56
Drivers are being urged to buy clean, environmentally friendly electric cars, but fears are growing that the rush to go green is about to squeeze the supply of metals and minerals that have become vital to the automotive industry.
The alarm was raised in Washington last week by Tesla, the electric car company run by Elon Musk, 47, the billionaire technology entrepreneur. Sarah Maryssael, its global supply manager for battery metals, warned a conference that after years of underinvestment in the mining industry, materials used to make the batteries that power electric vehicles could rapidly be in short supply. That, in turn, could cause their prices to rise sharply.