The Battery & Mining Catch-22 Threatening The EV Revolution

published 28.07.2020 08:16

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So, you have buyers that expect low prices that resulted from years of overcapacity, but then you have suppliers that need both more money and firm commitments in order to ramp up mining or production capacity.

In such a situation — like the situation the lithium and nickel mining and processing markets are in right now — the companies are reticent to ramp up production capacity too much again before incentive price targets are reached.

Furthermore, while there is a growing push from Tesla, Volkswagen, and others for the mining to increase, there’s a disconnect and potential stalemate on the investment needed for this.

The challenge that experts in the industry are telling CleanTechnica and others is that it takes at least 5–7 years to get a mine operational and there has been a lack of investment in the mining.

To close, if you have any questions you’d like me to ask Howard and Rodney — or other battery and mining experts — in future conversations, let me know!

by Zachary Shahan from cleantechnica.com

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