Expect Higher Battery Metals Prices From Electric Vehicle Demand

by: Gregor Gregersen

Summary

Lithium-ion battery production costs have fallen substantially.

Race to build the best, cheapest and most stable electric car batteries.

Cost of electric cars vs ICE cars will likely reach parity in the US in 2024.

Governments and manufacturers supporting switch to electric vehicles.

Nickel price is still less than 30% of its 2007 high.

Kerry Lutz of the Financial Survival Network interviews Gregor Gregersen, Founder of Silver Bullion, to discuss the future of electric vehicles and why battery metals such as nickel and cobalt will be in great demand in this electrification supercycle.

Discussed in this interview:

  • 02:19 Cobalt - essential battery metal but in short supply.
  • 05:29 Product costs for Lithium-ion batteries are declining.
  • 08:19 Where is Tesla in this battery race?
  • 10:07 'Gold Standard' for battery chemistry is NMC-811.
  • 10:50 10 to 15 years from lab to production for new battery technologies.
  • 12:59 Cost of electric cars vs ICE cars will likely reach parity
  • 15:24 Removing cobalt from lithium-ion batteries.
  • 17:29 Banning of diesel cars in European cities.
  • 21:35 Biggest proponent of EVs is China.
  • 22:32 Class I battery grade nickel will be in short supply.
  • 24:50 Unlike cobalt, nickel price is still less than 30% of its 2007 high.
  • 27:07 Good to own physical precious metals given the increasing economic uncertainties.
  • 29:47 Investing to have a direct price exposure to nickel and cobalt.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.