Understanding potential future sources of supply is key to identifying potential bottlenecks as well as opportunities.
Automotive electrification and energy storage will provide strong demand for lithium-ion battery raw materials over coming decades.
To understand the potential of new sources of raw materials, Roskill has reviewed the plans of developers evaluating greenfield projects that could contribute to supply in the 2020s.
For each project, the report provides a summary, outlook, critical influencing factors, location and infrastructure, project history, geology, resources, development plans, capital intensity, operating margin and economic analysis with comparative calculations of net present value, internal rate of return, payback and project incentive pricing.
Nickel is already a large-scale business, but one that requires significant capital investment per tonne of new capacity. It is also an industry that needs to transition legacy and new projects from metallic to chemical industry focus. Activity is currently centred on Southeast Asia, Australia and Brazil, with these and other projects reviewed for their potential as new sources of supply. As a mostly by-product metal, potential new cobalt sources are evaluated from both copper and nickel sources, with a focus on DRC copper‑based by-product, and nickel-based output from the nickel projects reviewed above.
Numerous primary cobalt projects have sprung-up, largely in Canada and Australia, but there is also the potential for cobalt driving DRC-based production if the economics support it.
There will be profiles on 24 of the most advanced projects that are yet to secure financing.