About TechMet
SUSTAINABILITY & CSR
56 who need their products . The EV industry is realising scalability is dependent on reliable sources of supply and is waking up to the threat of massive constraints in the future .
What are Menell ’ s predictions for how this challenge can be overcome in a tough seller ’ s market where even the likes of VW have struggled to secure deals ? “ The problem for giants such as General Motors and BMW is that they don ’ t buy cobalt carbonate ,” he explains . “ They buy systems from battery manufacturers , who buy from cell manufacturers , who buy from cathode manufacturers … They ’ re many steps removed in the pipeline between the end system integrator and the component manufacturers . But they will have to engage . Battery and vehicle manufacturers will start to invest in mining and processing , and secure long-term offtake and rights to product on behalf of their component manufacturers , in order to develop secure supply .”
Menell estimates that current projections for EV cells would require
FACT BOX
About TechMet
TechMet ’ s vision is to create a technology metals champion with strategic control over significant production of the key metals that will define and power the 21st century global economy . Focused on lithium , cobalt , rare earth metals , tin , tungsten , vanadium and battery nickel , the company plans to raise a further $ 80m to exercise the options and rights in its portfolio to build dominant positions in world-class scalable projects that produce , process and recycle e-metals . TechMet ’ s current portfolio includes Rainbow Rare Earths in Burundi , Brazilian Nickel , Tinco ( Rwanda ’ s largest tin and tungsten producer ) and Li-Cycle — a worldleading Li-ion battery recycling techno-logy capable of recovering 90 % of cobalt , nickel , lithium and copper .
APRIL 2019