Fortune Minerals Limited. T.FT

Carmakers will “need to become miners” – Benchmark

[Allman]

Benchmark Mineral Intelligence’s inaugural Battery Megafactories Europe 2022 event in Berlin concluded with a stark warning to automakers.

According to the London-HQ firm, among the key takeaways from the event, which was not open to the press, is the huge raw material gap that has opened up amid the furious battery factory buildout taking place globally:

• Even in the most optimistic scenarios where every single raw material project in the pipeline comes on stream and existing operations expand aggressively, there will not be enough raw material for the battery supply chain as we go into 2030;
• Lack of supply is not due to any geological constraints, but a simple lack of capital investment to build the mines of tomorrow;

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Benchmark founder Simon Moores stressed that automakers  will “need to become miners” and only bringing downstream capacity to market will not be sufficient to feed the booming EV battery supply chain.

https://www.mining.com/carmakers-will-need-to-become-miners-benchmark/