ESG, Recycling, & Climate | Monthly Thematic Piece

A Salt For A Battery – Who Gets Charged? We need (a) Copper
June 29, 2022
Products Mentioned:
Hydrogen, Copper, Nickel, Lithium, EVs, Batteries, Corn, Soy, Canola, Hydrocarbon Based Polymers, LNG, Gasoline, Biofuels, Biodegradable Polymers, PET, PE, CO2, DAC, Ethanol, Solar, Wind
Companies Mentioned:
Tesla, VW, BMW, FREYR Battery, Britishvolt, Toyota, Lotte Chemical, Cirba Solutions, Umicore, Freeport McMoran, Southern Copper, Vale, Glencore, BHP, Eastman, PTTGC, Oxy Low Carbo Ventures, Manulife, Freeport LNG, Air Liquide, Siemens Energy
Subjects Covered:
Recycling, Renewables, Carbon Capture, Emissions, New Energy, The Hydrogen Economy, ESG Investing, Climate Litigation, Clean Fuels

C-MACC Weekly “CRETER” (Climate etc.)

A Salt For A Battery – Who Gets Charged? We need (a) Copper

  • Most believe battery demand will increase quickly, but outlooks significantly vary as to how fast – the low end of the range is challenging, the top end unreal.
  • Margin risk is high through the chain, especially if investments follow overly optimistic growth assumptions – stretching supply chains – we would buy metals.
  • EV markets will eventually mature to share similarities with regular autos. Batteries will look like gasoline – plentiful/fungible (normally) – but not for years.
  • Batteries are unique, while other auto components will remain, adjust or be discarded. The emergence of TaaS – eventually – will lead to standardization.
  • Otherwise, we look at the need for an Ag policy, high recycling and DAC costs, more challenges in power generation, risk-averse ESG money, and hydrogen.

See PDF below for all charts, tables and diagrams

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