Investing in commodities such as precious metals are increasingly coming back into focus, especially since electric car production is on the rise. However, investors question, is this a smart investment? Experts say the quest for greener vehicles is driving the growth for metals.

Most people think of gold, silver and possibly oil when it comes to investing their money in commodities. However, experts in financial services firm located in New York, NY says many other raw materials are needed in today’s various industries, like automotive production, which means that it can also be worth investing in several raw materials.

An Evolving Automotive Industry Looks Greener

With the slow transition from the internal combustion engine era to the next generation of electric automobiles, there is a significant impact on the precious metals industry. Because of these futuristic electric cars, there is a need for nickel, cobalt and lithium, and even copper.…