In July 2020, I interviewed the EV battery mineral experts at RK Equity for the first time. The core story was clear: there was growing demand for electric vehicles, but not enough investment in EV
Benchmark Mineral Intelligence gives us an update on its view of the market: “It’s been almost a year since lithium prices hit an inflection point to all time highs and three months since a controversial Goldman Sachs research notehave held steady since April’s record high levels, with Chinese technical and battery-grade lithium carbonate prices continuing to increase. That’s in stark contrast to other battery metals such as cobalt and nickel, where prices have fallen this year.
All of that is up till now. What about the future? Well, automaker needs and orders continue to rise fast, and they continue to compete over a less-than-adequate lithium production pipeline. “The industry is facing a decade of perpetual change. A broader range of assets across a more diverse group of producing regions will be needed to meet the structural constraints facing the industry, and the increased geopolitical importance being placed on strategic supply chains,” Andrew Miller, chief operating officer at Benchmark, said.
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