Lithium Miners News For The Month Of July 2022 seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
Surging prices for battery raw materials including lithium, cobalt, nickel and graphite, and the supply/demand imbalance from the lack of investment extraction and production were key topics from our recent risk outlook webinar
Read on to learn what trends and challenges could be ahead for North America as it races to secure supply of key raw materials for its growing EV industry.
Key raw materials used to power electric vehicles (EVs) have become the center of attention lately, with governments taking notice of how essential they are for the green transition.
Metals such as lithium, cobalt and nickel are making news headlines globally as the western world continues to build out and strengthen its supply chains.
In North America, governments have called for more domestic sources of raw materials, as well as local processing of essential minerals used in lithium-ion batteries; they have also made partnerships with allies a crucial part of the move towards more independence from China.
Europe continues to make moves to take greater control over its raw material supply chains to meet an expected surge in demand.
Even though COVID-19 has brought challenges to every market, the pandemic’s impact on the global economy has also accelerated the push toward green energy, with Europe taking steps to secure a leading place as it plans its recovery.
The region has stepped up its efforts to become climate neutral by 2050, with the EU developing policies to achieve this goal a goal that will require significant mining and processing of critical raw materials.
At a global scale, a recent World Bank report estimates that the production of minerals such as graphite, lithium and cobalt could increase by nearly 500 percent by 2050 to meet the growing demand for clean energy technologies.
Click here to read the previous lithium outlook.
2020 kicked off what many believe will be the decade for lithium and other battery metals. And despite the uncertainty brought by the coronavirus pandemic, lithium made headlines throughout the year.
The potential demand for electric vehicles (EVs) is growing stronger by the day, with a more balanced lithium market expected in 2021. Moreover, the trend of declining prices seems to be coming to an end, with analysts predicting a better price environment ahead.
Here the Investing News Network (INN) looks at lithium’s 2020 price performance, what analysts had to say about the market and what’s ahead for the metal in 2021.