https://goldinvest.de/greenmining/29-ecograf-ltd-redaktion/3711-elektromobile-kommen-besser-durch-die-krise-profitiert-ecograf
Electric vehicles get through the crisis better - does EcoGraf benefit?EcoGraf Ltd. (Editorial staff) August 04, 2020 170
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0 of 5 - 0 reviewsWorldwide, sales of electric vehicles are expected to decrease by 5.8% to 2.07 million units in 2020. However, this is still significantly less than the total sales figures for the automotive sector as a whole, which is predicted to plunge by 19%.
This is mainly due to the high increase in sales of electric vehicles in the EU, reports media, where the market penetration rate rose from 2.5% last year to 7% this year. Among other things, this is due to the fact that Germany increased its subsidies by 50% and France by 17%, it said.
In addition, the federal government is considering raising higher taxes on vehicles that emit more than 95 grams of carbon dioxide per kilometer and obliging all petrol stations to also set up charging stations.
S&P Global Market Intelligence has now predicted that sales of electric vehicles in the EU will increase by 45% year-on-year to 654,000 units.
In contrast, the market penetration of electric vehicles in China in the first six months of the current year was on average 3.8%, below the previous year's rate of 5.1% penetration. S&P then lowered the sales forecast for the People's Republic to 821,000 units, which would mean a decrease of 23%.
Battery raw materials should benefit
However, it is widely expected that electric vehicles will become increasingly popular in the coming years, and Australian lithium producer Pilbara Minerals (WKN A0YGCV) believes, as * reports, that electric vehicle market penetration in the EU will increase to 19% by 2025 and in China Could reach 18%.
This in turn could significantly increase the demand for battery raw materials such as lithium, cobalt or graphene. S&P, for example, predicts that the average price of lithium could recover in the fourth quarter and the average CIF Asia price of lithium carbonate in 2020 should average around $ 8,411 per ton.
Beyond the current year, experts expect the existing existing lithium producers to (have to) increase supply to meet demand growth, as smaller companies still struggle to raise capital in a low price environment. According to S&P, an analysis of financing data at Juniors shows that financing in the first five months of this year only reached 5% of the amount that came together last year.
Sooner or later, we believe that with increasing demand, smaller companies in the sector will also benefit - such as the Australian EcoGraf (ASX EGR / WKN A2PW0M) . The company, which we at GOLDINVEST.de have been reporting on for a long time, plans to build a battery graphite production facility in Kwinana, Western Australia. The highlight: The company has developed a process that enables natural graphite without the use of highly toxic hydrofluoric acid. A decisive advantage over battery graphite (spheroidal graphite) from China, which is currently the only (!) Alternative.
In this regard, EcoGraf not only has a letter of intent with Thyssen Krupp (WKN 750000) to purchase 50 percent of the Kwinana refinery, but also the support of the Australian Export Finance Agency, which plays a similar role in Australia like KfW Bank in Germany, and has basically already agreed to take over half of the investments for the investment by loan if Ecograf can demonstrate the technical feasibility first and secondly the acceptance. And both conditions have already been met. We advise investors who are interested in the sector to also deal with EcoGraf. There is detailed information in the company profile on goldinvest.de .
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