EV Battery Costs Could Surge By 22%

Via Metal Miner The Renewables MMI (Monthly Metals Index) saw a welcome boost month-on-month, rising 6.27%. Grain-oriented electrical steel, silicon, and neodymium were the main factors that increased the index, while the lithium-ion battery market remains a point of contention. In the case of silicon, futures initially rose back in June due to production cuts within China, the world’s #1 manufacturer. It appears the after-effects of the cuts finally impacted prices, mainly due to stockpiling buyers. That said, most steel…