The energy turnaround requires immense investments

Spending on wind and solar energy and on infrastructure is necessary. And the battery industry also needs to pump huge sums into the entire supply chain. For example, demand for lithium-ion batteries is expected to rise from the current one-terawatt hour to 3.7 terawatt hours by 2030. The main driver is the increasing demand from electric vehicles. According to estimates, nickel and lithium will account for just under half of the investments to be made. At the same time, the energy transition is still in its early stages. Energy storage by means of batteries is a decisive factor. If this year the mining of LCE (lithium) is likely to reach the one-million-ton mark for the first time, some 2.8 million tons will be needed by 2030. Nickel is expected to face a supply gap in the coming years. While today around 15 percent goes into battery production, this share is expected to rise to an estimated 32 percent by 2030.

Anode and cathode production is also an important component, along with investments in the battery supply chain for critical raw materials and battery factories. Currently, China holds a dominant position along the entire battery supply chain. Increasingly, however, the other countries are trying to develop their own supply chains. The development of new mines, for example in the lithium sector, is particularly time-consuming, taking between five and 25 years. Some calculations assume that more lithium will be needed in 2030 than has been mined in the last seven years.

In the nickel sector, Canada Nickel Company – https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ – is an interesting company with its flagship Crawford project in Ontario. In addition to nickel, the project also contains cobalt, another important battery raw material.

In Quebec and the Northwest Territories, Gama Explorations – https://www.commodity-tv.com/ondemand/companies/profil/gama-explorations-inc/ – is looking after lithium. The company also has copper and nickel in the ground.

Current corporate information and press releases from Gama Explorations (- https://www.resource-capital.ch/en/companies/gama-explorations-inc/ -) and Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -).

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