A report just released from Forbes on EV , and the requirements...

A report just released from Forbes on EV , and the requirements for commodities going forward to keep pace with production for a surging EV market.

CTM , is perfectly placed to ride the emerging EV global Ni requirements.
The Ni price will have to have a significant increase and that’s why Ni Sulphide Companies like CTM will have a massive re rating for the patient holders .The Story is only starting to unfold IMHO !!!


Electric Vehicle Sales Are Surging. Can Mineral Producers Meet Future Demand?
EV Sales Soared in the First Quarter While Internal Combustion Engines Sank
It’s enticing to make the case that Tesla is more of a tech stock than an automobile stock—it certainly doesn’t trade like the traditional automakers—but the truth is that its EVs have outsold everyone else’s by a wide margin, thanks to its innovation and first mover advantage.

As of the end of 2019, Tesla’s Model 3 and Model S were the number one and number two bestselling EVs in the U.S. by cumulative sales. The Model 3 alone sold close to 300,500 units, or more than two times as many as the number three bestselling EV, GM’s Chevy Volt.

In the month of April, the Model 3 wasn’t just the United Kingdom’s bestselling EV but its bestselling vehicle, outselling even traditional combustion engine vehicles as overall sales plummeted due to lockdown measures to contain COVID-19. Close to 660 Model 3s were purchased in April, followed by the Jaguar I-PACE, which sold 367 during the month.

EVs in general did very well throughout Western Europe during the first quarter, with sales doubling and sometimes tripling compared to the same three months a year earlier, according to BloombergNEF. In the U.S., EV sales also managed to see a slight increase over last year, March being the one exception. Meanwhile, sales of gasoline and diesel-burning vehicles decreased in every major auto market, including China, the U.S. and Europe.


U.S. GLOBAL INVESTORS
Where Will We Get the Raw Materials?
It’s too early to say whether electricity will kill gas and diesel completely, but the trend certainly seems to be pointed in that direction.

This sets up a problem that EV makers will need to address sooner rather than later: Who’s going to supply the raw materials that EVs use much more frequently and in greater quantities than traditional automobiles? And how can this supply chain be scaled up as demand increases even more rapidly?

To give you some idea of the challenges ahead, check out the visual below. Several base metals will be in short supply and increasingly hard to come by if steps are not taken today to develop mineral projects across the globe, particularly in emerging economies. BloombergNEF estimates that by 2030, the demand for nickel will be more than 15.5 times greater than it was in 2018, thanks to the growing need for batteries. The forecast demand for aluminum and copper could be 10 times greater.


U.S. GLOBAL INVESTORS
The World Bank looks even further ahead, to 2050. In a report released this month, the Washington, D.C.-based institution writes that “the production of minerals such as graphite, lithium and cobalt could increase by nearly 500 percent by 2050” (emphasis mine) to meet demand for new technologies, including EVs.

For such projects, financing has been difficult to come by. Lithium producers alone are projected to need between $25 billion and $40 billion over the next decade to develop new mines. Today, lithium production is dangerously concentrated in China, which is responsible for 80 percent of the world’s output. The U.S., meanwhile, produces only 1 percent of all lithium, despite having access to large deposits.

To help prevent a supply squeeze, carmakers are being urged to invest in mines themselves and buying directly from producers, Bloomberg reports. Although car companies have historically not been in the business of investing upstream, “the rules have changed,” explains Sam Riggall, CEO of Australian tech firm Clean TeQ Holdings.

“We’re building a supply chain that’s never existed before, for a range of metals that have never been needed before by this industry.”

Tesla did just that in January, negotiating a long-term contract with Glencore to ship cobalt to its EV factory in Shanghai. And earlier this month, Glencore announced that it and Canada’s First Cobalt are planning to open North America’s first cobalt refinery north of Toronto. The plant will supply EV manufacturers looking to diversify away from China, which also controls the global cobalt market.