Electric vehicles need raw materials
(PresseBox) - Nickel and cobalt as well as manganese and graphite are just some of the raw materials needed by the electric vehicle industry.
Around 121,200 metric tons of nickel were used in the batteries of newly sold electric vehicles worldwide in the second half of 2022. This was around 44 percent more than in the same period of the previous year. In the case of cobalt, consumption of just under 25,000 metric tons of cobalt was recorded in the second half of 2022. Compared with the second half of 2021, this was an increase of 37 percent. In the case of manganese and graphite, too, significantly more was used in 2022 than in the previous year. Incidentally, a fraud incident recently caused a stir in connection with nickel. The London Metal Exchange (LME) was the victim of a fraud. Bags that were supposed to contain nickel found their way from the LME warehouses to buyers. However, instead of nickel, there were stones in the bags. Nickel is a very valuable commodity, has a high value and fraud and robbery are not rare occurrences in the commodity industry. The fact that it hit the warehouses of the LME, which are considered to be safe, makes one sit up and take notice.
The demand for batteries and thus for the necessary raw materials is increasing. According to a study by McKinsey Center for Future Mobility, more and larger battery factories will be needed worldwide in the future. The largest car markets in China, the EU and the USA will be fully electric by 2035. Highly dynamic demand for cobalt is widely expected. Total demand of around 110,000 tons of cobalt annually today will increase to an estimated 225,000 tons in 2026. The biggest growth driver here is electromobility. Investors who want to bet on this development should look at Mawson Gold or Green Shift Commodities.
Mawson Gold - https://www.commodity-tv.com/play/mawson-gold-significant-re-rating-potential-with-southern-cross-gold-share-and-finnish-assets/ - owns the Rajapalot gold-cobalt project in Finland. In addition, there are interests in projects in Sweden and Australia.
At Green Shift Commodities - https://www.commodity-tv.com/play/green-shift-commodities-expands-its-portfolio-with-acquisition-of-the-rio-negro-lithium-project/ -, the Berlin project focuses on nickel, vanadium, rare earths, phosphates and uranium. A lithium project is also being added in Argentina.
Current corporate information and press releases from US Mawson Gold (- https://www.resource-capital.ch/en/companies/mawson-gold-ltd/ -).
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Datum: 13.04.2023 - 01:43 Uhr
Sprache: Deutsch
News-ID 681383
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