Battery raw materials – indispensable

Electric mobility, renewable energies, and storage batteries have long since begun their triumphant advance. High-performance batteries and the raw materials required for them are essential. Electric trucks are currently overtaking old diesel trucks. Heavy commercial vehicles are proving their worth and are therefore on the rise. They are particularly advantageous in mountainous areas due to energy recovery. In this country, only 4.5 percent of heavy commercial vehicles are currently electric. However, this figure is expected to rise to around 43 percent by 2030.

And time is running out. According to EU lawmakers, the CO2 standards for trucks and buses also apply to heavy trucks. Emissions from truck fleets must be reduced by 45 percent from 2030, 65 percent from 2035, and 90 percent from 2040 (compared to 2019). In addition, city buses must be 100 percent emission-free by 2035.

Europe wants to reduce its dependence on battery raw material imports and tap into its own raw material sources. For example, a project is currently underway in Cornwall that could advance European lithium production. Lithium hydroxide of battery quality has been produced in a demonstration plant. Cobalt and nickel are also important battery metals. Compared to the previous year, the price of cobalt has risen by 99.88 percent. The price of nickel is rather volatile. Nickel is used in batteries and otherwise in industry for alloys. Demand for nickel and cobalt is likely to increase with the green revolution. Copper is also part of the energy transition. It is used in renewable energy systems and green technologies. Companies with battery raw materials should be among the winners.

Canada Nickel Company – https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ – has nickel and cobalt in its Crawford project in Ontario. The exploration program is being pushed forward with vigor.

Green Bridge Metals – https://www.commodity-tv.com/ondemand/companies/profil/green-bridge-metals-corp/ – 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 Green Bridge Metals (- https://www.resource-capital.ch/en/companies/green-bridge-metals-corp/ -) and Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -).

Sources:

https://www.elektroauto-news.net/news/cornwall-lithium-europa-grossbritannien;

https://www.umweltbundesamt.de/themen/verkehr/emissionsstandards/schwere-nutzfahrzeuge;

https://de.tradingeconomics.com/commodity/cobalt.

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