Electric-Car Revolution Shakes Up the Biggest Metals Markets

Producers of copper, cobalt, aluminum to benefit from changes

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MARK BURTON and EDDIE VAN DER WALT on BLOOMBERG TECHNOLOGY | 2 August 2017

“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.

metals marketsWhile 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.

The outlook for greener transportation got a boost this year as the U.K. joined France and Norway in saying it would ban fossil-fuel car sales in coming decades.”

Read the full article on Bloomberg Technology