Softbank $ 100 billion fund buys into Canadian lithium miner in first deal of its kind as race to secure electric
vehicle battery raw materials heats up.
Not exact matches
A desire to secure supply of
raw battery materials, such as lithium, will encourage electric
vehicle and lithium - ion
battery manufacturers to directly invest in mines, Pilbara Minerals managing director Ken Brinsden says.
As electric
vehicles become more mainstream, however, the prices for
battery raw materials have also soared.
With the aim of supporting its transition to electric
vehicles, China has been aggressively securing the critical
raw materials used in
batteries.
As more electric
vehicles hit the road and more wind turbines start spinning, the demand for
batteries and their
raw materials will explode.
Barriers to implementation include the current cost of
batteries for electric
vehicles (which reflects the limited availability of
raw materials, technical limitations, and low production volumes), as well as the lack of supporting infrastructure and technical standards necessary for mass penetration of these
vehicles into the market.
Many of these damages vary with the location of air - emission releases, so it is important to account for the existing and potential future locations of
vehicle tailpipes, power plants, oil refineries,
vehicle and
battery production facilities, and upstream supply chain entities, such as mines for
raw material extraction.