Commodities Buzz: Battery Metals Supply Crunch To Slow EVs Growth In Near Term

Supply constraints affecting cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars, could slow production rates of such power storage units in the near term, Moodys Investors Service has warned, according to media reports. Declining ore grades for copper, continued lack of investment in new mines and the time required to bring new discoveries to production will constrain metal availability and, ultimately, the metal sectors ability to meet growing demand from automakers for battery electric vehicle production.