EV's FT30 Dec 2018 08:21
Copper demand
VW and its peers are ramping up investments in batteries for electric vehicles setting the stage for a rise in the price pf raw materials such as lithium.
The growth in electric car numbers will also accelerate the race to buy batteries, with Daimler and VW already pledging to spend Β£70bn. As others set up investments. The price of raw materials such as lithium and cobalt looks set to rise,