Demand for lithium and nickel on the rise
(PresseBox) - .
Batteries for electric cars could become scarce. Nickel and lithium could thus become more expensive.
More than 30 million electric vehicles populate the earth today, around 10 million more than the year before. A bottleneck in the required lithium-ion batteries seems to be emerging. Production figures will have to rise to meet the increasing demand in the coming years. After all, the triumphant advance of electric vehicles is continuing. The number of battery factories is still too small. Raw materials such as lithium, cobalt and nickel are needed in ever greater quantities. China and the USA in particular are building new battery factories. It s a pity that many of them are powered by fossil fuels. In the past, nickel was mainly used for steel production, but now it is increasingly being used for batteries. Here, demand is expected to increase by around 25 percent a year.
The production of lithium-ion batteries is also more expensive in the European Union than in China, for example. The expansion of the battery industry outside Asia must therefore overcome cost and quality problems. Today, about one-third of the batteries produced come from manufacturers that have not been tested or qualified. So outside of the Asia-Pacific region, there is still work to be done. For this to succeed, partnerships and global collaboration are needed. In addition, mining companies that provide the raw materials must be given access to capital.
So there needs to be investment in Western capacity. And it s not just electric vehicles that need batteries. Solar plants, such as those currently booming in Western Australia, also want to be supplied with energy storage systems. Companies that take care of the battery raw materials are, for example, the Canada Nickel Company or Century Lithium.
Canada Nickel Company - https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ - owns the Crawford project in Ontario, lithium and cobalt are present here.
In Nevada, Century Lithium s - https://www.commodity-tv.com/ondemand/companies/profil/century-lithium-corp/ - Clayton Valley Lithium Project has already successfully completed its first production. The pilot plant consistently provides high-purity 99.87 percent lithium carbonate, i.e. the best battery quality.
Current corporate information and press releases from Century Lithium (- https://www.resource-capital.ch/en/companies/century-lithium-corp/ -) and from Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -).
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Unternehmensinformation / Kurzprofil:
Datum: 25.09.2023 - 10:04 Uhr
Sprache: Deutsch
News-ID 691662
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"Demand for lithium and nickel on the rise"
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