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Lithium-ion battery demand is set to soar as electric vehicles continue to gain traction, but finding the raw materials needed to fuel the green energy transition remains challenging.
“Batteries are becoming better, cheaper and more abundant — these are the three things that are driving forward what I think is the mega trend of our times,” Simon Moores of Benchmark Mineral Intelligence told the Investing News Network.
“We’re going from 600 gigawatt hours to 6,000 in the next decade. Now, whether we actually reach that order of magnitude depends on how quickly we can bring on raw materials.”
#Investing #Lithium #ElectricVehicles
0:00 – Intro
0:34 – How big can the lithium-ion battery industry get?
3:42 – Quality of raw materials is key and starts at the mine
5:55 – Will battery metals prices stay elevated?
8:44 – OEMs need to step up supply chain control
11:57 – Canada asks China to divest from projects
13:45 – Impact of US Inflation Reduction Act
17:38 – Europe’s upcoming Critical Raw Materials Act
19:49 – Lithium-ion battery trends for 2023
21:58 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.