Availability and Price of Cobalt and Lithium Unlikely to Pose Problems for Electric Vehicle Deployments, an Industrial Info News Alert

SUGAR LAND, Texas, July 9, 2018 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas)--Sharply rising demand for electric vehicles has, over the last two years, pushed up demand and prices for cobalt and lithium, critical elements of electric vehicle (EV) batteries. Predictions about strong future growth of EVs have caused some to worry whether the future supply and price of these two minerals could become a limiting factor in future EV deployments. Recent research from BP plc (London, England) and McKinsey & Company (New York, New York) suggest these concerns are overblown.

Within this article:  Details of some of th challenges faced in the cobalt and lithium markets

For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

Brian Ford

(713) 980-9393

View original content with multimedia:http://www.prnewswire.com/news-releases/availability-and-price-of-cobalt-and-lithium-unlikely-to-pose-problems-for-electric-vehicle-deployments-an-industrial-info-news-alert-300677247.html

SOURCE Industrial Info Resources, Inc.

[ Back To TMCnet.com's Homepage ]