The cost of minerals to produce a single EV (aluminum, steel, nickel, cobalt) was approximately $4,000 before metal price inflation, and has doubled to about $8,000, driven primarily by steel increases; aluminum, copper, and nickel costs are not expected to relax.

factualpending

Speaker

Unidentified Speaker — Mark Mills: The energy transition delusion: inescapable min… [sgOEGKDVvsg]

Evidence Quote

it was around four thousand dollars before metal price inflation really started to kick in and it doubled to about eight thousand dollars

Source

Mark Mills: The energy transition delusion: inescapable mineral realitiesSKAGEN Fondene
Created: 8/11/2026, 1:28:24 AM

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