Thursday, August 22, 2019 10:47:01 PM
According to energy consultancy Wood Mackenzie, demand for battery metals is about to accelerate to double-digit rates over the next decade. This, Wood Mac research director for battery raw materials Gavin Montgomery said in an article for Forbes, means a supply crunch could come as soon as the mid-2020s.
The reason, according to Montgomery, lies in the lower prices of a few key metals, which have demotivated production ramp-ups, which bodes ill for the future balance of supply and demand. Lithium is one of these, with the EV industry already the single biggest driver for lithium demand despite the modest amount of the metal in car EV batteries. Another is cobalt, where medium-term supply is seen strong but problems may emerge in the longer run.
Then there is nickel—a metal that is an important element of an increasingly popular battery technology dubbed NMC (lithium, nickel, manganese, cobalt oxide). As with cobalt and lithium, low nickel prices have deterred investment in new production, which will backfire in the next few years as demand for batteries grows along with their size, and consequently the materials used to make them.
Now is the time to be investing in Australian Mines LTD (AMSLF). When this stock explodes, it will be very big.
https://oilprice.com/Energy/Energy-General/Could-A-Battery-Metal-Shortage-Derail-The-EV-Boom.html
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