Last year, the electric vehicle (EV) and energy storage narrative began to influence the metals and mining space, according to the first report from Wood Mackenzie’s Battery Raw Materials Service, which reviews some key developments of 2017 and forecasts prices for battery metals over the medium term. As announcements on EV targets by governments grew ever more bullish, panic around the security of raw material supply started to build — reinforced by unsuccessful attempts by auto industry giants to lock in long-term supply deals. As 2018 begins, the supply scramble continues.
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