The US President Joe Biden will push for the development of sustainable energy as an initiative to overcome climate change. One of the steps in the policy is through decarbonization of transportation sector by developing electric car production.
This becomes a positive sentiment for nickel and lead producer, as both commodities are the main materials of electric vehicle batteries. At the beginning of 2021, the prices of these commodity stocks still continue to rally, further limiting their potential to increase.
Reference:
