Purity issues in the Battery industry is not acknowledged yet. The cheaper the better philosophy is still dominating
"Purity issues of Battery raw material are still for the industries a miner issue and mine Governance and processing is totally neglected" The battery industry is in the battle of growth in the EV market share and energy storage. The Car industry is triggered by the aggressive market approach from Tesla and totally blinded to focus on the essential issues of quality and long term supply chain security. In the market all the engineers are talking about new battery formulas... from NCM (6-2-2, 1-1-1) to now 8-1-1 to reduce the usage and cost of Cobalt. Cobalt has achieved mid 2018 a price of USD 90,000/ ton, whereas the Cobalt prices originated from below USD 30,000/ ton. The industry is playing a childish move from left to right. The Industry really believes that Nickel is the answer. Nickel had a high price in 2007 with nearly achieving USD 60,000/ton and is now at below USD 20,000/ ton with a production of 1,7 million ton/ year today. Glencore stated that with an incre