Metals of the Future
Investors focused on the mining sector may not fully appreciate how quickly the electric vehicle (EV) is being adopted globally, in light of the world pursuing a low-carbon emissions future, says battery metals investment vehicle Cobalt 27 Capital chairperson and CEO Anthony Milewski, who warns of a potential deficit in the supply of the metals critical to achieving this future.
Global management consultancy firm McKinsey & Company says 2017 marked the first time EV sales passed the one- million mark, noting in May 2018 that, by 2020, EV producers could be moving 4.5- million units, about 5% of the overall global light-vehicle market.
Even with South Africa’s electricity supply woes, automotive company Jaguar Land Rover South Africa forecast in January that South Africa could have 145 000 EVs on its roads, expecting yearly sales of new EVs to reach 43 000 units in the next six years. Continue Reading →