How Mining Stocks may be Benefiting From Political and Social Forces Pushing Electric Vehicle (EV) Demand to New Levels

PALM BEACH, Florida, Oct. 15, 2019 /PRNewswire/ — The demand for electric vehicles, of course, creates an increased demand for electric vehicle batteries and both exhibit signs of a strong continued growth rate for the near future and beyond. It is more than just a supply and demand equation, there are worldwide political and social forces also pushing this wagon down the trail for quite some time. As a result, governments get involved and they pass initiatives to accelerate the shift of their nations vehicle fleet from combustion to electric vehicles, which has led to rapid growth in the manufacturing and sale of electric vehicles. According to the latest research report on ‘Electric Vehicles (EV) market’ by Market Study Report, LLC, the global electric vehicles market is anticipated to reach USD $912 billion by 2026. Which fits hand and glove with another report (from Grand View) which says that the electric vehicle battery market size was valued at USD 13,383.0 million in 2018 and is expected to register a CAGR of 16.7% from 2019 to 2025. Active mining stocks in the markets this week include 21C Metals Inc. (OTCQB: DCNNF) (CSE: BULL), First Cobalt Corp. (OTCQX: FTSSF) (TSX-V: FCC), Canada Cobalt Works Inc. (TSX-V: CCW) (OTCQB: CCWOF), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), Cobalt 27 Capital Corp. (OTCQX: CBLLF) (TSX-V: KBLT).