The technology industry, automotive manufacturing and renewable energies depend on certain raw materials. Battery raw materials include cobalt, lithium and nickel, and increasing electrification is also increasing demand for these raw materials. Every type of lithium-ion battery contains lithium. Even if a temporary slowdown in demand puts pressure on prices, the long-term upward trend should be intact. Not only are e-cars on the rise, hydrogen is also making headway.
In Berlin, for example, hydrogen cabs are already on the road, and soon there will be 200 of them. The response is very good, because these cabs (Uber) score points for their long range and short refueling times. Electrolysers and thus platinum are important for hydrogen production.
Currently, the platinum price is not far from its high of US$1,180 in May 2022. Sibanye-Stillwater - https://www.commodity-tv.com/play/sibanye-stillwater-strong-outlook-for-2023-with-diversified-metal-production/ -, for example, relies on platinum, palladium and battery metals such as lithium. The company also produces gold in addition to platinum and palladium. The projects are located in the USA and in Africa.
In the case of nickel, stainless steels and nickel alloys consume the majority of production. Many consumer and industrial products, including rechargeable batteries, contain nickel. Indonesia, the Philippines, New Caledonia, Canada, Australia and Russia produce the most of the metal. Indonesia and China are among the largest consumers of nickel.
Metals such as nickel, lithium and copper are owned by Gama Explorations - https://www.commodity-tv.com/play/gama-exploration-advancing-three-different-battery-metals-projects-in-canada/ . The projects are located in the Northwest Territories (lithium) and Quebec (nickel). A copper-gold project in British Columbia is also included.
Current corporate information and press releases from Sibanye-Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ -) and Gama Explorations (- https://www.resource-capital.ch/en/companies/gama-explorations-inc/ -).
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