Electric cars such as the Nissan Leaf may look no different from the standard family runaround. But the new materials that go into them could revolutionize the market for metals used in the industry, opening up a new field for commodities investors. “We identified electric vehicles as an area where we are at an inflection point for demand,” said Duncan Goodwin, portfolio manager of the Baring Global Resources Fund. Around 12% of the fund’s $378.2 million in assets is exposed to materials that are used in electric vehicles. It has investments in New York-listed Albemarle and Australia’s Orocobre, two companies producing lithium, a key element in electric car batteries. Shares in both companies have risen sharply this year.
The electric car revolution is making these investors very optimistic
More of Today's Solutions
Changemakers of the week: GRuB and SparkNJ
Every day on the Optimist Daily, we report on solutions from around the world. Though we love solutions big and small, the ones that ...
Read MoreThe giant beneath the waves: world’s largest coral found in the Pacific
BY THE OPTIMIST DAILY EDITORIAL TEAM In a world where bad news about the environment routinely outweighs good news, scientists have discovered an incredible ...
Read MoreTortoise discovered in a home in Pompeii
Almost 2000 years after the eruption of Mt. Vesuvius and its trapping of the city of Pompeii in time, archaeologists are still making discoveries ...
Read MoreRevel at the most detailed image of our universe yet
Here at The Optimist Daily, we have been sharing every exciting step of the James Webb Telescope’s journey, from its long-awaited launch, to when ...
Read More
