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Record EV Sales in China Pushes Up the Price of Cobalt and Other Battery Materials

Image by Nerijus jakimavičius from Pixabay

Chinese car buyers are snapping up electric-powered vehicles in record numbers. In the first half of the year alone, automakers sold 1.2 million new energy vehicles and almost a quarter of a million in June alone.

Image via InsideEVs

While the heightened demand for EVs is great news for the environment, it’s also pushing up the price of materials needed to build the batteries that power those cars.

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