Did you forget about Recycling.
you have to look to see the forest through the tree's surely you don't want everybody to believe that Corazon will be mining in 2021 or 22 when Indonesia is way out in front which I have posted previously and also the recycling of minerals already by the biggest companies in the world as the following explains, what you are stating is pie in the sky stuff not factual just a blown up figure you made up bit like grasping for straws you could say.
ELECTRIC CARS IN CHINA, China scrambles to tap EV battery recycling opportunity. Wave of used lithium-ion cells a potential gold mine for battery makers and recyclers alike.
Nikkei staff writerAPRIL 04, 2019
A Recycling EV batteries is particularly important for China, which is keen to reduce its reliance on imported materials.
TOKYO/HONG KONG -- Rising demand for electric vehicles is creating a big problem: what to do with old batteries.
China, the world's biggest EV market, is particularly keen to come up with a solution, as it prepares to end subsidies for battery makers by 2020.
Electric cars hit the market about 10 years ago, which is about as long as the useful lifespan of most EV batteries. Soon there will be a wave of old batteries to deal with.
Not only does this pose an environmental problem: Lithium-ion batteries, the most common type used in electric cars, can be highly toxic if damaged, while extracting the lithium and materials needed to produce them can take a toll on the surrounding environment.
But the growing number of electric cars on the road is predicted to push up prices for key materials used in batteries, such as lithium and cobalt.
Recycling could be the key to keeping costs down.
Last September, Beijing issued its first set of industry guidelines for EV battery recycling, including a white list of five recycling companies.
Among them is Shenzhen-based GEM. One of the biggest battery recyclers in China, the company handles over 3 million tons of waste resources each year and produces 20% of the country's reclaimed cathode materials for lithium-ion batteries by volume.
GEM has reportedly raised 2.95 billion yuan ($500 million) in capital to beef up its recycling abilities. The same month as the list was released, the company announced it will construct facilities for recycling car batteries and metals in Ningde, a city in southern China that is home to the world's biggest battery maker, CATL. The new facilities will reportedly cover some 60 hectares.
"The volume of waste batteries is rapidly increasing as sales of new-energy cars in China rise," Wang Ge, an analyst at China Securities, said in a report. "The market for recycling lithium-ion batteries into [usable] materials will be 14 billion yuan in 2023." GEM, he added, has over 10 years of experience and has battery recycling contracts with 120 companies, including Dongfeng Motor, BAW and Toyota Motor.
GEM's revenue was 13.8 billion yuan in 2018, up 29% from the previous year. In addition to its recycling business, it also manufactures materials for batteries.
The other four companies on the government white list are Quzhou Huayou Cobalt New Material, Ganzhou Highpower Technology, Guangdong Guanghua Sci-Tech and Hunan Brunp Recycling Technology.
EV batteries degrade over time and use, resulting in shorter distances that can be traveled on a single charge. In lithium-ion batteries, for example, impurities build up in the separators, which decreases their charging efficiency.
While companies in China see opportunity in material recycling, Nissan Motor, the pioneer in electric vehicles in Japan, is focusing on re use.
Tatsuro Shiomi, vice president of 4R Energy, told Nikkei, "We at the Nissan group have the technology and know-how related to electric vehicles and batteries. We can check the ability of old batteries in hours, while other companies take two weeks." Shiomi said China's public sector has shown interest in its technology.
The company wants to start recycling materials such as cobalt and nickel in batteries in three years, he added, but it currently lacks the technology to do so. Cooperation with metal or chemical companies is one possibility for moving forward in that area, Shiomi said.
Meanwhile Mitsubishi Materials announced last August that it plans to start experiments this year into recycling nickel and cobalt from lithium-ion EV batteries. It will decide sometime after April 2020 whether it can commercialize the business or not.
In China, the potential for the battery recycling industry is particularly large. The government is targeting new-energy vehicle sales of 2 million in 2020 and 7 million in 2025, equal to one-fifth of the country's total car sales.
That means a corresponding uptick in batteries to recycle. According to the China Automotive Technology and Research Center, the volume of used batteries in China will total between 120,000 tons and 200,000 tons in 2018-2020. That figure will increase to 350,000 tons in 2025, according to local media.
Bill Ho, chief technology officer of Hong Kong-based green technology company GRST, said the guidelines would "help improve the technical level and industrial standardization of China battery reuse/recycling companies."
And while Beijing may be cutting back on support for battery makers, recyclers may see the opposite trend. "Going forward, they will receive strengthened support from the government," Ho said. The white list describes the five companies as the "first batch," which observers take to mean that more companies will be added to the list if they can meet the requirements.
So it's not hard to see that there will be a host of company's vying to not only supply nickel who are already in production or company's ready to begin the recycling mode that have started down that path, both will make huge in roads to the supply demand of nickel which may in fact lead to an over supply of nickel by the time you think Corazon will be going, but then if that doesn't work for Corazon they can always come back to good old Mt Gilmore for Cobalt that will be in over supply in the next 3 to 5 years, just rinse an spin again nothing more but they do seem to be burning a lot cash so its no wonder they moved offices.
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