Fast forward with us to the not-so-distant future where oil, natural gas and coal have continued to drift up in price as a result of a myriad of factors. Chiefly among them, the continued divide between Eastern and Western nations posturing on resource-populist agendas as well as ‘ESG’ trends making capital, talent and operational necessities more difficult for the fossil fuel producers of the world to come by. This widely held vision of the energy markets of tomorrow is one of many positive external factors impacting the battery metals space – in fact, just last year the United States Department of Energy released a National Blueprint outlining the need for rapid lithium production growth in North America, citing EV sales alone as the main driver in cementing a 2500 GWh demand by 2030. This figure surpasses over five times the current global demand levels! Although the problem here is multifaceted – it can be summarized as a lack of lithium supply in the market, which is projected to change from being slightly outstripped by demand in the mid-2020s, into a massive deficit in the years following. While there are multiple paths forward to address this issue, the safest and […]
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