Australian Mines LTD (AMSLF)

[GetRich902902]

Scientists warn of “huge implications for our natural resources” as government pushes for rapid adoption of electric cars

A team of scientists has written to the Committee of Climate Change warning that if the UK’s 31.5 million cars are replaced by electric vehicles by 2050, as is currently planned by the Government, this will require almost twice the current annual global supply of cobalt.

The researchers have also calculated that based on the latest ‘811’ battery technology (80 per cent nickel, 10 per cent cobalt, 10 per cent manganese), UK demand for EV batteries will require almost the total amount of neodymium produced globally each year, three quarter’s of the world’s lithium, and “at least half” of the world’s copper.

Just goes to show how valuable Australian Mines LTD's nickel, cobalt, & scandium will be. Now is the time to be investing in this company.

https://www.autoexpress.co.uk/car-news/107058/uk-electric-cars-will-require-twice-the-world-s-supply-of-cobalt