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 ?
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.
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.