iPolitics By Dan Woynillowicz. Published on May 27, 2021 5:47pm As a significant oil and gas producer, the implications for Canada are stark, and have already fuelled much regional and political consternation. (Pexel photo)
This stark statement generated headlines around the world last week, not because of
what it said, but because of who said it: Fatih Birol, head of the highly respected International Energy Agency (IEA).
As a significant oil and gas producer, the implications for Canada are stark, and have already fuelled much regional and political consternation. But we can’t hide from this reality. Instead, we must plan for it, both to minimize the impacts and carve out new competitive advantages.
Lithium producers in favour as electric vehicle sales surge
Sales of electric vehicles rose 41% in 2020, despite global car sales falling 6% during the global pandemic, and that has led to a looming lithium supply crunch. Eighteen of the world’s top 20 vehicle makers have announced plans to rapidly scale production of EVs.
Resources companies with lithium production capabilities are increasingly coming into favour, as a supply crunch for the battery metal looms amid surging electric vehicle (EV) sales.
The latest report by the International Energy Agency (IEA) revealed there were 10 million EVs on the world’s roads by the end of 2020, with EV registrations rising by 41% - despite global car sales falling by 6%.
Infinity Lithium Corporation Ltd buoyed as European Commission VP reaffirms critical importance of lithium in Europe proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
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Company exploring the world s largest known deposit of battery metals in deep-sea polymetallic nodules can help Europe decarbonise swiftly and effectively.
A reliable and responsible supply of metals for the clean energy transition will be key if Europe is to meet its increasingly ambitious emissions reductions targets.
Soaring demand for electric vehicle battery metals due to the phaseout of gasoline-powered cars could see shortages of key metals such as nickel and copper as early as 2024.
The Metals Company s deep-sea nodule resource brings the potential for an abundant and low-cost supply of critical battery metals that can be processed in Europe with a fraction of the environmental and social impacts of land ores.