Solid Battery Revolution Threatens Oil Markets and Revives the Mining Sector

The announcement of reaching commercial production for solid-state batteries for electric vehicles has cast a heavy shadow over global oil markets, as experts expect an accelerated decline in long-term demand for fossil fuels. Conversely, the strategic mining sector has significantly revived, particularly companies engaged in extracting rare and solid earth metals involved in manufacturing these advanced batteries. This technology will significantly reduce the total cost of producing electric vehicles, making their prices highly competitive or even lower than internal combustion vehicles within the next few years. Major sovereign wealth funds are now moving to restructure their portfolios to inject billions of dollars into clean energy supply chains and gigafactories to secure their share in this promising market.