Market Update: Electric Vehicles And Battery Metals

Video length: 00:16:05

We spoke with TalkMarkets contributor John Petersen of Mining Pundits about the future for electric vehicles, the cobalt cliff and how demand for battery metals (nickel & cobalt) will drive prices for battery materials higher.

Discussed in this interview:
02:03 Implications of cobalt mined as a by-product
05:03 Class I & II nickel market
09:34 Insufficient cobalt supplies to meet demand
12:32 Lithium-ion battery compositions
17:45 Replacement for the NMC battery composition?
24:47 Irreplaceable uses for cobalt
29:06 Manufacturers will buy cobalt at any price
30:16 China controls 50% of the world's cobalt


Electric Vehicle & Battery Metal News

1) Singapore’s largest electric vehicle charging network to have 500 charging points island-wide:

  • Charging points will be made available in public by 2020.
  • Of the 500 charging points, more than 100 will be 50kW-DC charging points, a fast charge technology that can fully charge an EV in 30 minutes.
  • They will be three to seven times faster than predominant EV chargers in Singapore today, which are rated at 7.4kW.
  • Singapore is regarded as an ideal environment for EVs as it is highly urbanised and compact.
  • Mobile app by Singapore Power Group in the works to allow drivers to locate available charging stations in Singapore.

2) China is the biggest global refiner of cobalt:

  • China refines about 50 to 60% of world's produced cobalt.
  • China will control most of the world's refined cobalt supplies.
  • Our recent SBTV guest, John Petersen, also corroborates on this information at 3:14 of the above video.
  • China is scrambling to roll out electric vehicles to reduce roadside pollution.
  • China is home to Zhejiang Huayou Cobalt Co., the biggest global refiner, which is growing to meet rapidly expanding demand from new energy vehicles.
  • According to Bloomberg Intelligence this month, strong inventory building globally will push the market into deficit with higher purchases from battery makers and aerospace.
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Danielle Rogers 1 year ago Member's comment

Great interview with battery and metals expert John Petersen.