Economics
Electric-Car Revolution Shakes Up the Biggest Metals Markets
- Producers of copper, cobalt, aluminum to benefit from changes
- Steel, lead, platinum companies may need to adapt operations
Electric Cars & the Energy Markets
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The revolution in electric vehicles set to upturn industries from energy to infrastructure is also creating winners and losers within the world’s biggest metals markets.
While some of the largest diversified miners like Glencore Plc argue fossil fuels such as coal and oil still play a crucial role supplying energy needs, they’ll also benefit the most from a move to electric cars, requiring more cobalt, lithium, copper, aluminum and nickel.