COVID-19 outbreaks and the energy crisis in the Northern Hemisphere continue to bog the global economic recovery. To make it worse, the war between Russia and Ukraine has sent oil and food prices soaring, thus putting more strain on economies around the world. Experts believe that the higher gas prices will further accelerate the shift towards EV. The demand outlook for several critical minerals including lithium, copper, nickel and cobalt, or ‘battery pack’ as they are popularly called, is expected to remain robust.
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