Electric vehicle demand growth exaggerated, says Sibanye’s Froneman
Optimistic forecasts for the rapid uptake of electric vehicles (EVs) up to 2030 do not sufficiently take into account the ability of miners to respond to the increase in demand for minerals required to produce these vehicles, Sibanye-Stillwater CEO Neal Froneman says.
The diversified miner hosted a battery mineral investor day on Tuesday at which Froneman said the penetration rate of EVs, as proposed by certain analysts, was “highly overstated”...
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