UBS report on "Potential Demand for World's Metals Scenario".

Pity the MLM board did not read this article before giving away Sconi. Note graphite potential! Maybe HMS?

Let us hope that "due diligence" is done before contemplating off-loading other assets and maximum value is gained from bauxite.

(The article was reported in the AUZ threads.)

"THE THOUGHT EXPERIMENT

We discovered this “100% EV world” thought experiment in a UBS report that everyone should read. As a part of their UBS Evidence Lab initiative, they tore down a Chevy Bolt to see exactly what is inside, and then had 39 of the bank’s analysts weigh in on the results.
After breaking down the metals and other materials used in the vehicle, they noticed a considerable amount of variance from what gets used in a standard gas-powered car. It wasn’t just the battery pack that made a difference – it was also the body and the permanent-magnet synchronous motor that had big implications.
As a part of their analysis, they extrapolated the data for a potential scenario where 100% of the world’s auto demand came from Chevy Bolts, instead of the current auto mix.
THE IMPLICATIONS

If global demand suddenly flipped in this fashion, here’s what would happen:

	Material	Demand increase	Notes
1	Lithium	2,898%	Needed in all lithium-ion batteries
2	Cobalt	1,928%	Used in the Bolt's NMC cathode
3	Rare Earths	655%	Bolt uses neodymium in permanent magnet motor
4	Graphite	524%	Used in the anode of lithium-ion batteries
5	Nickel	105%	Used in the Bolt's NMC cathode
6	Copper	22%	Used in permanent magnet motor and wiring
7	Manganese	14%	Used in the Bolt's NMC cathode
8	Aluminum	13%	Used to reduce weight of vehicle
9	Silicon	0%	Bolt uses 6-10x more semiconductors
10	Steel	-1%	Uses 7% less steel, but fairly minimal impact on market
11	PGMs	-53%	Catalytic converters not needed in EVs