As EV car adoption increases globally and car manufacturers declaring their move to 100% electric vehicles in the coming decade, the demand for battery materials is (and will) surge.
And as the US-China trade war rages on, China may be considering throttling supply of rare earth materials needed in the manufacturing of electric vehicles and in the production of American fighter jets among other products.
China controls approximately 80% of the rare earth materials supply.
If you want to learn more about the impacts and drivers of global commodities markets and how it affects pricing of commodities, check out the Global Commodities Markets & Trading online course too.
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