Key Battery Metal Prices to Remain in Doldrums for the Foreseeable Future, Says Goldman Sachs Forecast

The prices of essential resources used to manufacture electric vehicle batteries will remain under severe pressure for at least the next 12 months, according to a forecast by U.S. investment bank Goldman Sachs.

A combination of factors is contributing to the price plunge, including a slowdown in both the U.S. and Chinese EV markets combined with over-production, mainly by Chinese mining companies, of cobalt in DR Congo, nickel in Indonesia, and lithium in multiple countries.

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by Eric Olander

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