Novel Battery Designs Unlikely to Dent Metals Demand by EV Industry
Mining companies have revealed that plans to make an EV battery that doesn’t contain lithium by China’s Contemporary Amperex Technology Co. Ltd (“CATL”) likely will not ease the demand for lithium as well as other battery metals. This is mainly because the battery will have a limited range, and competing battery technologies are expected to eat up lithium’s supply in the near future. Earlier in June, CATL revealed that it would be developing a sodium ion alternative that wouldn’t contain cobalt, lithium or nickel. This battery will be heavier and less powerful in comparison with the lithium ion battery, which…