The Prospector News

CPM Market Commentary: Battery Metals: Boom, Bust, Repeat

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

CPM Market Commentary: Battery Metals: Boom, Bust, Repeat

 

 

 

 

 

Looking at the projections for electric vehicle (EV) sales, and then at all the metals these EVs will require to furnish their battery packs, it is easy to look at the suite of “new energy” metals and imagine a fountain of riches flowing to miners and project developers, another so-called, marketing-hype-driven “supercycle” to rival or even outdo the decade-long boom in base metals fueled by the build-out of China.

 

The reality has proven far less rosy. This note focuses on spodumene as a proxy for lithium generally, but the same principles apply to nickel, manganese, cobalt, graphite, and even to some extent to copper.

 

Spodumene is the most prevalent hard rock source of lithium and is sold to refiners at a price based on a reference grade of 6% contained lithium oxide. Mined historically for a range of applications including such prosaic uses as ceramics, lubricants and fluxes, spodumene has emerged as a major source of lithium for EV batteries, with supply roughly on a par with lithium brines.

 

Spodumene prices recently took off in the 2017-18 period, rising to around $800 per ton for reference-grade material. Within two years the price had dived to less than $400 per ton,

 

Click Here To Read The Commentary

 

Courtesy of the CPM Group

 

Posted November 29, 2023

Share this news article

MORE or "UNCATEGORIZED"


GR Silver Mining Extends Silver Mineralization with Step-Out Drilling at San Marcial 11.9 m @ 226 g/t Ag Eq* including 0.9m @ 716 g/t Ag Eq

GR Silver Mining Ltd. (TSX-V: GRSL) (OTCQB: GRSLF) (FRANKFURT: G... READ MORE

July 25, 2025

Big Ridge Gold Corp. Closes Upsized $5.2 Million Private Placement

Big Ridge Gold Corp. (TSX-V: BRAU) (OTCQB: ALVLF) is pleased to a... READ MORE

July 25, 2025

St. Augustine Closes Private Placement

St. Augustine Gold and Copper Limited (TSX: SAU) is pleased to announce ... READ MORE

July 25, 2025

GoldShore Intersects Additional Mineralization Beneath the Conceptual Open Pit at the Southwest Zone with 22m of 1.30 g/t Au

Goldshore Resources Inc. (TSX-V: GSHR) (OTCQB: GSHRF) (FSE: 8X00)... READ MORE

July 25, 2025

Benz Announces Closing Final Tranche of A$13.5M Financing

Benz Mining Corp. (TSX-V: BZ) (ASX: BNZ) is pleased to advise tha... READ MORE

July 25, 2025

Copyright 2025 The Prospector News