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Battery Metals Market
Metal supply concerns push EV makers to new battery chemistries
EV sales are expected to double from 2023 to 2027, reaching 31.6 million units. Shortages of cobalt and lithium are expected through 2027, according to S&P Global Commodity Insights.
Automakers are deploying alternative battery chemistries to avert supply disruption as rising demand for electric vehicles taxes the world's capacity to mine the minerals critical to the clean energy transition.
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