More electric cars require more raw materials

Bloomberg NEF assumes this development. Sales figures are rising in China and the USA in particular. However, there are still many combustion engines on the road, and it is estimated that by 2050 around 30 percent of vehicles will still be using diesel or gasoline. So some efforts are still needed to achieve the climate targets we are aiming for. But some work is being done, governments are luring money and companies are forming partnerships to make battery production more efficient. Batteries should be available more quickly because the growth of electromobility is exceeding market forecasts. Supply bottlenecks already exist, for example in the photovoltaic industry.

Raw materials such as lithium, cobalt and nickel are needed for production. In the case of nickel, the LME (London Metal Exchange, nickel with 99.8 percent purity is traded there) is working on reform plans for nickel trading. It is particularly concerned with fast-track procedures for the approval of new nickel brands. Nickel is not only used for refining steel products but is also an essential component in batteries for electric cars.

To advance green technologies, critical metals are also an important topic. Rare earths are used in electric motors, fuel cells, wind turbines and other technical equipment.

Rare earths as well as lithium, cobalt and uranium are available at US Critical Metals‘ – https://www.commodity-tv.com/ondemand/companies/profil/us-critical-metals-corp/ – projects in Idaho and Montana.

Nickel and cobalt are held by Canada Nickel Company – https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ -, for example in the flagship Crawford project in Ontario. The company is also working on carbon capture and storage and can thus contribute to the energy transition.

Current corporate information and press releases from US Critical Metals (- https://www.resource-capital.ch/en/companies/us-critical-metals-corp/ -) and Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -).

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