Electric mobility and stationary energy storage require raw materials

According to estimates by McKinsey, demand for lithium-ion batteries will be around 1,500 gigawatt hours in 2025. By 2027, it could rise by 27 percent per year. This would then represent a demand of 4,700 gigawatt hours. An electric car motor contains several hundred meters of copper cable. An electric car with a 75kWh battery also contains around 40 kilograms of nickel, a good 13 kilograms of cobalt, and around nine kilograms of lithium. Rare earths, graphite, and manganese are also used. According to forecasts, demand for batteries for electric cars and energy storage systems in Europe will amount to around 970 GWh by the end of the decade. By 2040, this figure could already be around two TWh. Recycling could contribute to the supply of battery metals, but high labor and energy costs and insufficient support measures are slowing this down.

According to the International Energy Agency, demand for nickel will double by 2040. Demand for cobalt and rare earths is expected to increase by 50 to 60 percent by 2040. Demand for copper will grow by an estimated 30 percent over the same period. The mining industry is called upon to supply the necessary raw materials. Raw materials are of great importance for energy technologies and the economy, but also for investors. Cobalt and nickel are found, for example, at the Canada Nickel Company.

Canada Nickel Company – https://www.commodity-tv.com/play/news-canada-nickel-fortuna-fury-gold-goldmining-meridian-or-royalties-southern-cross-gold/ – owns the Crawford project in Ontario. The exploration program is being pushed forward with vigor. Nickel is needed not only for electric cars, but also for the stainless steel industry.

Green Bridge Metals – https://www.commodity-tv.com/play/mining-news-flash-with-revival-gold-mogotes-metals-green-bridge-metals-and-sibanye-stillwater/ – specializes in battery metals, particularly copper, nickel, platinum, and palladium. Its projects are located in Canada and Minnesota.

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

Sources: https://www.euwid-recycling.de/news/international/ein-viertel-der-in-europa-benoetigten-batteriemetalle-koennte-ab-2030-aus-dem-recycling-stammen-201224/;

https://www.ksb.com/de-global/stream-of-stories/technologie/bergbau-batteriemetalle

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