Of interest to KWG, from todays G&M- mining section.
- an exerpt, attached below.Peter
"With Canada still in the early stages of trying to establish itself in the battery industry, the global market is not standing still. There is no guarantee that by the time ZEV projects are finally built in this country the goalposts won’t have shifted in the interim. Technologies for electric car batteries are evolving fast. While market-leading lithium ion batteries still use both cobalt and nickel, some newer battery technologies, including lithium iron phosphate (LFP) batteries, do not use either mineral. LFP technology which Tesla Inc. uses in some of its Model 3s, has been gaining market share.
“A shift towards LFP batteries is potentially the biggest risk to nickel and cobalt demand,” Bank of America Securities wrote in a recent research report to clients.iBank of America also said that even newer battery prototypes that do not use nickel or cobalt, including sodium-ion batteries, could hurt the demand for both metals.""
To KWG types:- worth reading:
https://www.theglobeandmail.com/business/article-canada-battery-minerals-industry-explained/i
