During PDAC week in Toronto, the Lithium-ion Battery Materials & Rare-Earth Elements Supply Chain event organized by Benchmark Mineral Intelligence took place. Key companies in the industry attended the event related to the green energy revolution focusing on lithium-ion battery minerals and REE supply chains. On March 3rd, 2020, David Anonychuk, Managing Director of M.Plan International, gave a presentation titled “Considerations for Project Development of REE Deposits”.
The presentation points out the rapid emergence of the energy-storage megatrend via electric vehicles and off-grid applications. This green/clean energy revolution is enabled by a simple, yet well-known technology: the lithium-ion battery. Through the global rise of lithium-ion battery megafactories, China and Europe are arming themselves with new colossal capacity. The critical, non-substitutable supply chains that feed these battery megafactories are the oil pipelines of tomorrow. Those that dominate these supply chains control this century’s balance of industrial power.
It is even a more precarious situation for rare-earth elements. These critical materials and the high-tech components they form are vital for the magnets and electrical machines that actually take the energy stored in lithium-ion batteries and use it to power electric vehicles, in addition to a plethora of national defense or other high-tech applications.
M.Plan International is a joint venture formed between ANZAPLAN and Micon International to provide consulting and testwork services for seamless development in specialty mineral and metal projects.
For more information about M. Plan international please click here.