EV Growth May Be Determined by Miners & Battery Producers
Lithium markets were previously oversupplied, lagging investment. However new demands could result in shortages of the key raw material for batteries as EV demand surges. Along with new environmental regulations, this will put the pinch on many “traditional” mining companies.
While most mining companies are business-as-usual and less prepared for future broad economic shocks – Surge Battery Metals is fully prepared to take advantage of this unprecedented economic opportunity.
“The outlook for EV adoption is getting much brighter, due to a combination of more policy support, further improvements in battery density and cost, more charging infrastructure being built, and rising commitments from automakers.”
“Around 90% of battery demand will come from electric vehicles (EVs) over the next two decades.”
“BloombergNEF (BNEF) forecasts global sales of zero- emission cars rising from 4% of the market in 2020 to 70% by 2040.”
“Battery-related metals such as nickel, copper, and lithium are expected to see their EV- related demand surge in the coming years.”
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