Maxtech Ventures Inc. (CSE: MVT) (OTC: MTEHF) (FRA: M1N) Expects Manganese to Follow Other Rising EV Metal Prices
Increased EV production is driving development of battery technologies LMD batteries deliver high power output, thermal stability and enhanced safety Extensive manganese assets in Brazil and Zambia at easily accessible depths Driven by increasing production of electric vehicles (EVs), demand for the metals used in the manufacture of EV batteries has risen, and so has their prices. Analysts at Morgan Stanley expect ‘lithium prices to peak at around $13,000 a ton this year’, according to a report by Business Insider, and the price of cobalt, currently $91,000 per tonne (metric ton), has risen over 70 percent in the past year…