• 2 minutes U.S. Presidential Elections Status - Electoral Votes
  • 5 minutes “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 7 minutes United States LNG Exports Reach Third Place
  • 1 min Here it is, the actual Complaint filed by Dominion Voting Machines against Sydney Powell
  • 4 hours https://www.prageru.com/video/whats-wrong-with-wind-and-solar/
  • 13 hours Pollster Frank Luntz released a poll today showing 90% of those that voted for Trump in November would vote for him again.
  • 13 hours Do Republicans like Liz Cheney, Adam Kinzinger, Mitt Romney and now McConnell think voting for Impeachment can save the party ? Without Trump base what is the Republican constituency ? It's over.
  • 13 hours ICE Engines Hear to Stay Regardless of War Against
  • 19 hours Tonight Twitter took down Trump's personal account permanently. Trump responded on the POTUS account.
  • 18 hours CNN's Jake Tapper questions double amputee purple heart recipient GOP Rep's commitment to democracy. Tapper is a disgrace.
  • 10 hours A Message from President Donald J. Trump - 5 minutes from The White House directly
  • 13 hours Minerals, Mining and Industrial Ecology
  • 16 hours The World Economic Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc.
  • 13 hours a In 2020, we produced and delivered half a million cars.
  • 13 hours Trump Supporters Just Handed a Huge Propaganda Victory to China
  • 1 day Evidence is evidence, voter fraud by state
OPEC+ Compliance With Production Cuts Slips To 75%

OPEC+ Compliance With Production Cuts Slips To 75%

OPEC+ group’s compliance with the…

3 Stocks To Buy As Oil Prices Rise Above $50

3 Stocks To Buy As Oil Prices Rise Above $50

As oil prices continue to…

MINING.com

MINING.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

More Info

Premium Content

EV Metal Index Soars To Record Heights In 2020

The MINING.COM EV Metal Index, which tracks the value of battery metals in newly registered passenger EVs (including hybrids) around the world fell back from the all-time high hit in September, but still recorded the third best month ever in October.

The index was not only boosted by the overall increase in EV sales during the month of 71% year over year, but also the relative outperformance of full electric cars and plug-in hybrids which saw the total battery capacity increase 122% year on year to nearly 14,000 MWh, according to Adamas Intelligence, which tracks demand for EV batteries by chemistry, cell supplier and capacity in over 90 countries.

Battery raw materials deployed in October retreated from the record-breaking tonnage recorded the month before, according to data from Adamas, but compared to the same month last year usage has more than doubled.

Tesla was number one in terms of battery capacity deployed, accounting for nearly 1 out of every 5 MWh hitting roads during the month and also led in use of lithium, nickel and graphite with Volkswagen beating out the California carmaker with the volume of cobalt used in its EVs following strong sales of the ID.3.

The modest month on month rise in prices of the four commodities making up the index supplied by Benchmark Mineral Intelligence, a battery supply chain and price reporting company,  was not enough to offset the decline in the use of the raw materials, resulting in a 10.5% month on month decline in the index to $281.6 million.   

Compared to the same month last year, the EV Metal Index surged over 80% and at $1.8 billion year-to-date, 2020 is likely to beat the record set last year as European sales of electric passenger vehicles reach a tipping point and the Chinese auto market continues to grow.

By Mining.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News