When it comes to the transportation sector, we focus purely on road transportation. This is the subsector where we see the most potential for metals demand driven by electrification in the coming decades. Electrification of the shipping and aviation sector will likely be marginal and so the potential additional metals demand will be limited. Electric vehicle sales have picked up significantly in recent years. Global passenger vehicle sales in 2020 grew by 46% year-on-year to 3.1m, including hybrids. This is still only 4% of total vehicles sales, but the share will step up in 2021 again and is set to grow in future, ... (full story)