The Likely Rise Of Electric Vehicles And The Impact On Metals

I have published an article on Seeking Alpha on the growth in Electric Vehicle demand and technology and the likely effect on metals.  I am not permitted to publish it in full here but a synopsis and the opening few sentences follow:

Summary

We expect the growth in the electric vehicle (EV) element of the automobile sector to be more rapid than most projections suggest.

Battery technology is improving very rapidly and will shortly overcome range anxiety and charging time worries.

A number of metals will benefit strongly from the growth in EV uptake, while some others will suffer, but this is a longer term viewpoint.

The take-up of electric vehicles (EVs) may well be in a growth pattern which could rival that of the price of bitcoin, but is unlikely, like the latter to push sales into bubble territory. As range anxiety and long charging times recede into obscurity with the enormous developments in battery technology, the environmental, and ultimately the cost, benefits of electric drive for automobiles over internal combustion engine (ICE)-driven small vehicles is likely to become paramount………

To read full article click on: www.seekingalpha.com  

and search for my articles under Lawrence Williams in the search box.  You may find some of my other articles to be of interest too.

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A diversion into base metals

While my primary focus for my thoughts in LawrieOnGold.com and on the other sites on which I publish articles is Precious Metals, as someone who has written about all aspects of metals and minerals in the past, I will occasionally publish articles on other aspects of the industry.  In this context, and in particular if you have an interest in base metals, do have a read of  my latest article on www.SeekingAlpha.com entitled GFMS tips nickel as best 2016 base metals performer, then copper.

GFMS is perhaps best known, and sometimes criticised, for its precious metals forecasting expertise and for the most part we’d consider its figures pretty reliable, although may quibble about particular aspects.  But it also devotes much of its activity on analysis of other aspects of the resource sector and thus this article is my comment on its latest forecasting for base metals prices in 2016 and beyond.  As the Seeking Alpha article suggests it is looking to nickel as being the likely best performer next year, followed by copper, whereas it sees a continuing poor performance for aluminium and lead, while zinc may just about see better things after being hotly tipped as the most likely high flyer a year ago.

Obviously the GFMS report was published ahead of the VW emissions scandal (the report contains a section on pgms too) and the latest Glencore move to cut a significant part of its zinc output, which has given the latter metal a substantial short term price boost, but overall the report is well worth reading.  Indeed those interested may apply to download a copy of the full report – and other GFMS reports – from https://forms.thomsonreuters.com/gfms/ .