COBALT • LITHIUM • NICKEL • TIN • TUNGSTEN • VANADIUM • RARE EARTH METALS
INCREASING DEMAND
The world is in the first phase of exponential demand growth for electric vehicles and energy storage systems.
LIMITED SUPPLY
The scale of demand from new technologies will put the incumbent supply chain under severe stress for technology metals.
ENVIRONMENTAL IMPACT
Growing consumer awareness of the environmental and social issues related to metals mining means greater pressure on manufacturers to prove their inputs are ethically sourced.
THE MARKET OPPORTUNITY
INCREASING DEMAND
Source: UBS
CONSTRAINED SUPPLY
Source: TechMet estimates
The supply challenge is exacerbated by the overwhelming control over technology metals by China.
THE MARKET OPPORTUNITY
INCREASING DEMAND
Source: McKinsey Sustainable Mobility Initiative – base growth in electric light vehicles
CONSTRAINED SUPPLY
Current metal supply used in batteries will require unprecedented growth to meet projected EV targets:
The supply challenge is exacerbated by the overwhelming control over technology metals by China.