Battery metals – increasing demand

According to market researchers from Markets and Markets, demand for lithium batteries will increase by around 19% annually in the electromobility sector alone. As a result, sales will rise from a good 56 billion US dollars in 2022 to more than 134 billion US dollars by 2027. The leading suppliers of lithium batteries come from China, Japan and South Korea. The construction of large-scale factories (gigafactories) worldwide is therefore booming. Several companies are currently planning new gigafactories in Morocco, for example. This is because the country is attractive due to its proximity to Europe, free trade agreements and the automotive industry located there. Tesla is currently building a second battery production plant in Shanghai for energy storage systems (megapacks).

The triumph of electric vehicles is unstoppable. According to a new analysis, charging an electric car at home offers significant savings compared to filling up with petrol or diesel. Based on a sample household with an annual mileage of 11,000 kilometers, the electricity costs amount to between 627 and 840 euros. If the vehicle is refueled with petrol, with an average consumption of 7.7 liters per 100 kilometers, the annual costs are a good 700 euros higher. Not only electric vehicles, but also green energies such as wind and solar power require battery storage. Raw materials such as lithium, cobalt, nickel and copper are the main components in the production of batteries.

The mining company Green Bridge Metalshttps://www.commodity-tv.com/ondemand/companies/profil/green-bridge-metals-corp/ – specializes in battery metals. The projects are located in Minnesota and Ontario and contain nickel, copper, platinum metals and chromite.

Canada Nickel Companyhttps://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ – can boast nickel and cobalt. The company’s Crawford project in Ontario is responsible for this.

Current company information and press releases from Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -) and Green Bridge Metals (- https://www.resource-capital.ch/en/companies/green-bridge-metals-corp/ -).

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