Battery Metals Required?
Hyundai Motor Group said on Friday it plans to invest about $5.54 billion to build its first dedicated full electric vehicle (EV) and battery manufacturing facilities in the United States.
In its baseline outlook, Roskill forecast demand to continue to grow to more than 900,000t Ni by 2029, boosted "not merely by rising adoption rates of EVs, but also by increased vehicle range (and battery size), and the increased intensity of use of nickel among various competing battery chemistries, growth in nickel sulphate demand is set to outpace that of most other battery raw materials". https://www.mining-journal.com/research/news/1364769/nickel-sulphate-demand-to-exceed-900-000t-by-2029
Lithium spodumene/brine & Nickel Sulphate are keys to EV production.
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