Mining industry yet to fathom scale of battery raw material challenges – Friedland
While global electric vehicle (EV) sales are back to a healthy growth trajectory, significant investment in mining capacity is required if electric vehicles (EVs) are to become anything more than a niche market, says mining entrepreneur Robert Friedland’s Clean TeQ Holdings.
The company owns the construction-ready Sunrise nickel/cobalt/scandium project in New South Wales, Australia, and will require just under $2-billion to bring the project into fruition.
Nickel and cobalt, in particular, face substantial raw material challenges, at a time when EV sales growth is expected to drive unprecedented demand for these metals.