News Snapshot:
Electric vehicle batteries are gaining "critical importance" as part of the energy transition, according to Goldman Sachs, which named a number of stocks set to benefit as countries diversify their supply chains away from China. China currently accounts for around 60% of global EV battery demand, but this share is set to decline to 30% by 2030, Goldman said in a Nov. 14 report. Meanwhile, demand in other markets such as the U.S., European Union, and India is set to pick up. Significant investment — to the tune of $160 billion for the U.S and EU — is required to...
