The bear market for battery metals prices is far from over

Goldman Sachs finds it is too early to call an end to a battery raw materials price plunge, warning that significant supply pipelines and Western electric vehicle headwinds could keep prices lower for longer. The forecast, which is part of a research note published on Tuesday, follows a sharp downturn in the price for some of the most sought-after energy transition metals. The end-use of materials such as nickel, copper, lithium and cobalt are wide-ranging and include electric vehicles, wind turbines and solar panels. Goldman Sachs said the outlook appeared bearish for nickel, lithium and cobalt. “Despite the significant downside…