Mining Battery Metals [IMG] Pic: Dimitrios Karamitros/iStock via...

Mining Battery Metals
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Pic: Dimitrios Karamitros/iStock via Getty Images
BMI: Amid EV boom the chance of the battery metals market ever rebalancing is on a knife edge
Mining
September 30, 2022 | Josh Chiat


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• Major Japanese battery maker says it will be after 180,000t of lithium, 150,000t of nickel and 30,000t of cobalt by 2030
• Explorers say a scarcity of economic resources meaning solving lithium supply story is not as simple as throwing money at the problem

Consider this.
Prime Planet Energy and Solutions, a 51-49 JV between Japanese industrial giants Toyota and Panasonic, is looking hard for commodities to supply its batteries.
By 2030, it alone requires 180,000t of lithium, 150,000t of nickel and 30,000t of cobalt.
That last number is almost a sixth of the current global cobalt market.

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