Electric cars giving global metals markets a shock

London

THE revolution in electric vehicles is also creating winners and losers within the world's biggest metals markets.

While some of the largest diversified miners such as Glencore plc argue that fossil fuels such as coal and oil still play a crucial role supplying energy needs, they'll also benefit the most from a move to electric cars, requiring more cobalt, lithium, copper, aluminum and nickel.

The outlook for greener transportation got a boost this year…