Electric dreams turn into a nightmare for metals

Quick Summary:

IT’S been a brutal year to be in the battery metals business.

The amount of lithium deployed on the road in new EV sales was almost 48,000 tonnes in October, up 28% year-on-year, according to consultancy Adamas Intelligence.

Lower than expected demand for EVs has hit demand for battery metals such as nickel.

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Article Details

Author / Journalist: ANDY HOME

Category: EconomyBusiness

Markets: MalaysiaCanadaChinaIndonesiaUnited States

Topics: /Business/Insight Lithium Donald Trump Commodities Electric vehicle EV Battery

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 00:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 992 words

Reading Time: 6 minutes read

Sentences: 49 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24614425

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 40 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 2 hours ago

Coverage Areas: Malaysia

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