Repost from another stock on HC. Thought you guys might like.
Can the auto industry meet ambitious COP26 pledges? 10th November 2021 EV
"To meet the goals set out in the COP26 Glasgow declaration by 2040 would require over 7 million tonnes of lithium (LCE) annually, which is 17 times more than lithium chemical production in 2021, according to Benchmark’s Lithium Forecast."
"It would also require over 5 million tonnes of nickel sulphate, which Benchmark’s Nickel Forecast shows is 19 times more than nickel sulphate production in 2021."
" .... If the target is achieved globally it would mean a substantial increase in demand for battery raw materials such as lithium and nickel, according to Benchmark Mineral Intelligence... "
At the moment there is insufficient investment into raw material supply to meet battery demand in 2030 let alone 2040, Simon Moores, CEO of Benchmark Mineral Intelligence, said. "
https://www.benchmarkminerals.com/m...dges/?mc_cid=4cff8f412f&mc_eid=a33fd5c7a3
Cheers!
Lithium Related Media Articles, page-9163
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