Battery minerals needed for electrifying transportation remain hypothetical

Roger Baker

Europe May Lose The Energy Transition Race Before It Really Begins

...China’s CATL, one of the majors in the battery space, recently reported a drop in its first-quarter profit because of higher production costs. What this suggests is that the company has so far absorbed the cost increases caused by tightening raw material supply but how long it would continue to do this is an open question.

Meanwhile, the CEO of Rivian, the Amazon-backed EV startup, warned of a battery shortage in the EV space. And it was a grave warning: “Put very simply, all the world’s cell production combined represents well under 10% of what we will need in 10 years,” RJ Scaringe said, as quoted by the Wall Street Journal. “Meaning, 90% to 95% of the supply chain does not exist.”

One would think that at least with wind and solar, the supply chains are there and well developed. That may be the case; however, the metals needed to feed into these supply chains are in problematic supply, especially in Europe...

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