Long-term demand for cobalt, lithium and other battery and minor metals are poised for growth as the world increasingly shifts to EVs and alternative power sources. In 2024, sales of EVs surged 25% to 17 million, according to the International Energy Agency (IEA). Fueled by cheaper minerals, global battery production capacity is poised to triple over the next five years. The global battery materials market was valued at $63 billion in 2024 and is expected to grow to $98.9 billion by 2032, according to SkyQuest Technology Consulting. The global battery industry has “entered a new phase” of development, growing rapidly ... (full story)