We at Tematica have long acknowledged that pain points tend to give rise to opportunities that can benefit properly positioned companies. With interest in growing storage needs and the expanding electric vehicle market driving demand for batteries, we spoke with Principal Geologist Phil Thomas at Recharge Resources. As we learned, in 2019, demand from EV batteries was 17 kt for lithium, 14.4 kt for cobalt, and 65 kt for nickel; by 2030, it is expected to jump to 185 kilotons (kt) for lithium, 90 kt for cobalt and 925 kt for nickel.
Thematic Signals Vol 7, #10
Thematic Signals Vol 7, #10
Thematic Signals Vol 7, #10
We at Tematica have long acknowledged that pain points tend to give rise to opportunities that can benefit properly positioned companies. With interest in growing storage needs and the expanding electric vehicle market driving demand for batteries, we spoke with Principal Geologist Phil Thomas at Recharge Resources. As we learned, in 2019, demand from EV batteries was 17 kt for lithium, 14.4 kt for cobalt, and 65 kt for nickel; by 2030, it is expected to jump to 185 kilotons (kt) for lithium, 90 kt for cobalt and 925 kt for nickel.