EIT RAW MATERIALS SUMMIT 2019
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The Future of Waste NdFeB Rare Earth Permanent Magnets and their Role in a Circular Economy
The electric vehicle (EV) revolution is ushering in a golden age for battery raw materials, best reflected by a dramatic increase in expected demand for the key battery commodities – cobalt, lithium and nickel. In addition, the growing need for energy storage, e-bikes, electrification of tools, and other battery-intense applications is further increasing the interest in these commodities. However, the recent concerns regarding the future of the raw material supply availability for batteries and the impact of rising commodity prices on battery production costs have highlighted risks that may create divergent futures for these battery materials. The strategic response needed will likely differ across industry players such as automotive OEMs, battery manufacturers, mining and refining companies, and financial investors; for all players there is a growing imperative to understand the complexities and dynamics of this rapidly changing. The presentation will provide an overview about McKinsey’s perspective on vehicle electrification and discuss the impact on the demand-supply balance for key battery materials.
PS6 - Resource Efficiency Cities
Wed Feb 13 2019 16:32:34 GMT+0000 (Coordinated Universal Time)