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The energy turnaround requires immense investments


According to the International Renewable Energy Agency (IRENA), around $35 trillion will be needed for the energy transition by 2030.

Spending on wind and solar energy and on infrastructure is necessary. And the battery industry also needs to pump huge sums into the entire supply chain. For example, demand for lithium-ion batteries is expected to rise from the current one-terawatt hour to 3.7 terawatt hours by 2030. The main driver is the increasing demand from electric vehicles. According to estimates, nickel and lithium will account for just under half of the investments to be made. At the same time, the energy transition is still in its early stages. Energy storage by means of batteries is a decisive factor. If this year the mining of LCE (lithium) is likely to reach the one-million-ton mark for the first time, some 2.8 million tons will be needed by 2030. Nickel is expected to face a supply gap in the coming years. While today around 15 percent goes into battery production, this share is expected to rise to an estimated 32 percent by 2030.

Anode and cathode production is also an important component, along with investments in the battery supply chain for critical raw materials and battery factories. Currently, China holds a dominant position along the entire battery supply chain. Increasingly, however, the other countries are trying to develop their own supply chains. The development of new mines, for example in the lithium sector, is particularly time-consuming, taking between five and 25 years. Some calculations assume that more lithium will be needed in 2030 than has been mined in the last seven years.

In the nickel sector, Canada Nickel Company – https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ – is an interesting company with its flagship Crawford project in Ontario. In addition to nickel, the project also contains cobalt, another important battery raw material.

In Quebec and the Northwest Territories, Gama Explorations – https://www.commodity-tv.com/ondemand/companies/profil/gama-explorations-inc/ – is looking after lithium. The company also has copper and nickel in the ground.

Current corporate information and press releases from Gama Explorations (- https://www.resource-capital.ch/en/companies/gama-explorations-inc/ -) and Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

Posted by on 14. July 2023. Filed under Internet, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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