Europe needs a lot of battery metals…
>800 GWh battery manufacturing capacity by 2030 to supply the electric vehicle market
Per annum, this equates to approximately:
– 160,000 tonnes of cobalt
– 500,000 tonnes of nickel
– 1,300,000 tonnes of copper
ESG Compliant ?
ENVIRONMENTAL
EU Regulation: From 1 January 2026, lithium-ion batteries will have to bear a carbon intensity performance class label and from 1 July 2027, must comply with maximum carbon footprint thresholds. The EU will ban batteries not meeting the new regulation.
…with low CO2 footprint: EU Battery Regulation
Combined, this EU Cu-Ni-Co metal requirement for EVs will emit approximately: 10Mt CO2 Eq. per annum
SOCIAL
EU regulation: Manufacturers will have to demonstrate that they are sourcing raw materials in a responsible way through a digital passport tracking all battery materials used in the battery composition.
…ethically sourced
- Current strong ethical traceability issues for cobalt: child labour, exploitation, corruption.
- International Rights Advocates file federal case on behalf of children killed in DRC cobalt mines.
GOVERNANCE
EU regulation: for requirements related to the carbon footprint and the responsible sourcing of raw materials, mandatory third-party verification will be required. Each battery will have a digital passport tracking all components coming from upstream
…and responsibly sourced
Climate Change Awareness is creating a whole new market for zero carbon sources of battery metals.
Europe's unprecedented need for Battery Metals
Europe now sells more electric vehicles than China (ref: Forbes, Aug 2020). It is the fastest growing electric vehicle manufacturing market in the world. It is exponentially increasing its domestic lithium-ion battery production capacity to meet this demand, making it the fastest growing battery metals market in the world. However, Europe has very limited domestic production of battery-quality battery metals.
Kuniko’s Projects will reduce this almost total reliance on external sources of battery metals by offering a local and sustainable source of nickel, cobalt and copper.
Proximity to the Fastest Growing Lithium Market
THE EU'S PUSH FOR CARBON NEUTRAL
- The EU declared a climate emergency and pledged to cut emissions by 55% by 2030 with a goal of net zero by 2050.
- The European Commission is requiring ‘CO2 Passports’ for all electric vehicles, detailing their full CO2 impact.
- Volkswagen, and other European OEMs, are placing greater importance on carbon-neutral supply chains for their electric vehicles, putting in place sustainability metrics for suppliers on par with price.
- Current battery metals supply chains are not geared towards low carbon intensity production, leaving a gap in the market for Kuniko.
- Kuniko’s process and product could therefore have a significant, percentage-sized impact on Europe’s annual CO2 reduction requirements to get to net zero by 2050.
THE NEW EU BATTERY REGULATION
New measures announced in December 2020 including:
FOCUS MARKETS
Zero Carbon CobaltTM Fundamentals
Zero Carbon CopperTM Fundamentals
Zero Carbon NickelTM Fundamentals
