Report Suggests Biden’s EV Plan May Trigger Bull Market for Energy Metals

April 16, 2021 10:37:32

According to Fastmarkets, an analytics firm, a $2 trillion infrastructure measure proposed by President Joe Biden would help establish bull conditions in commodity markets, especially for copper, lithium, cobalt and steel, which are key materials needed for the energy transition.

Fastmarkets metals & mining expert Thorsten Schier stated that in comparison with the package proposed by Obama in 2009, the infrastructure plan proposed by Biden could be more beneficial to the metals market, for reasons beyond its large size. Schier explained that it created the potential…

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