MINING.COM’s EV Metal Index quadrupled from May 2020 and added nearly 18% in value from the previous month, racking up the third best monthly total on record.
The EV Metal Index, which tracks the value of battery metals in newly registered passenger EVs (including hybrids) around the world, came in at $477 million in April, an increase of 326% over the same month last year and bringing the year-to-date total to $2.03 billion.
Total battery capacity of EVs sold during the month tripled year on year to 19.2 GWh, according to Adamas Intelligence, which tracks demand for EV batteries by chemistry, cell supplier and capacity in over 100 countries.
To produce the most accurate data, the monthly battery capacity deployed numbers in the MINING.COM EV Metal Index do not include cars leaving assembly lines, those on dealership lots or in the wholesale supply chain, but only end-user registered vehicles.
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