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Battery and 'green' metals brighten outlook for mining sector


Battery and ‘green’ metals brighten outlook for mining sector
Tesla CEO Elon Musk speaks at the groundbreaking ceremony at the Tesla Shanghai Gigafactory in January 2019. Credit: Tesla.
The transition to electric vehicles could take a decade or two but demand for the key metals in batteries and energy storage systems will only continue to grow as the shift to a greener future gains traction.
China currently leads the world in EV and battery production. The latest statistics from China’s Ministry of Industry and Information Technology, according to BMO Capital Markets, show that sales of new energy vehicles (NEVs) in February were 585% higher than the same month in 2020, and the country’s production of lithium-ion batteries jumped 108% year-on-year to 18.25 billion units annually in the months of January and February. ....

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