LONDON, March 2, 2018 /PRNewswire/ --
Interest in the electric vehicles (EVs) market has exploded over the past year, driven by strong improvements to battery technology and increased engagement from traditional automotive companies.
EVs are forecast to experience a steep rise in availability, affordability and performance against traditional automotives. This is likely to result in EVs becoming a significant part of total automotive sales, which has major implications for a wide range of commodities including cobalt, lithium, nickel, manganese, copper and lead.
CRU has developed one of the most sophisticated models for simulating EV production and sales currently in use in the industry. This has allowed us to undertake a wide range of studies and projects covering the automotive market for our customers. With this industry insight, CRU is launching a Battery Metals Market Outlook which will combine results from our EV models with our deep knowledge of commodity markets. This will allow us to analyse the effect of the rise in EV adoption on a wide range of commodities over the long term.
"Due to the unpredictable nature of the battery market, the long-term aspect of the report will be scenario-driven as opposed to purely demand-driven. By doing this, CRU seeks to give a balanced and well-researched view of the trajectory of the battery market." George Heppel - CRU analyst and Battery Metals Market Outlook editor
The new service provides a 25 year demand forecast for those commodities relevant to the development of electric vehicles, battery storage and related technology; this forecast will be updated as market conditions change. This will be supported by regular analysis of technical, legislative and business issues, as well as discussion of price developments.
The service will be essential for any company impacted by the development of this market, including miners, battery manufacturers, automotive companies, traders and banks.
Read the full story: http://bit.ly/CRU-battery-metals-market-outlook
Read more about CRU: http://bit.ly/About_CRU
CRU offers unrivalled business intelligence on the global metals, mining and fertilizer industries through market analysis, price assessments, consultancy and events.
Since our foundation by Robert Perlman in 1969, we have consistently invested in primary research and robust methodologies, and developed expert teams in key locations worldwide, including in hard-to-reach markets such as China.
CRU employs over 260 experts and has more than 10 offices around the world, in Europe, the Americas, China, Asia and Australia – our office in Beijing opened in 2004.
When facing critical business decisions, you can rely on our first-hand knowledge to give you a complete view of a commodity market. And you can engage with our experts directly, for the full picture and a personalised response.
CRU – big enough to deliver a high quality service, small enough to care about all of our customers.
SOURCE CRU International Limited