The EV Era is Upon Us
The headlines relating to the demand for battery minerals seem to be everywhere these days. As this edition was going to press, Reuters reported that lithium and copper miners were competing for water supplies in the high desert that straddles the border between Chile and Argentina. Then there were the headlines relating to the declining cobalt prices, which have dropped from a recent high of $43/lb to less than $30/lb today. They said that signals the end to the battery minerals rush. That might be true for the speculators, but not the mining business.
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