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11 March, 2021

Eurobattery Minerals presents a report on raw materials supply and demand for e-mobility

“Europe needs to move faster to meet the demand”

Eurobattery Minerals AB (Nordic Growth Market: “BAT”), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, today presents the report, “Critical raw materials and e-mobility” produced on behalf of the company by the London-based corporate risk advisory firm, Aperio Intelligence. The report provides an overview of the supply and demand for critical raw materials within the European Union, based on the EU’s goal of developing its self-sufficiency for raw materials in the context of the electric car revolution.

The report also analyses current and future market volumes of electric and plug-in hybrid vehicles and e-bikes – with a focus on Europe and China – and their associated demand for copper, nickel and cobalt.

“The report clearly shows the need to scale up mining production and the sourcing of raw materials within the EU. We need to act quickly to enable the electric car revolution and ultimately reach the Agenda 2030 targets outlined by the UN. From the report it is clear that Europe needs to move faster to meet the demand for these materials. A sustainable car industry cannot continue to rely on unsustainable mining”, says Roberto García Martínez, CEO of Eurobattery Minerals.

Some conclusions from the report:

Global annual copper demand was around 28 million tonnes in 2020, and consumption is expected to grow by approximately 38% by 2030 to about 38 million tonnes annually. In 2019 Europe’s mined production represented 13% of total world production.

The Democratic Republic of Congo dominates global mine production of cobalt, with the EU producing just 0,9% - or 1,377 tonnes – of the world’s total annual production. [1] According to the European Commission, cobalt demand within the EU will increase by five times by 2030. 

A recent study commissioned by the European Commission from the consultancy Roskill indicates that automotive electrification is expected to represent the single largest growth sector for nickel demand globally over the next 20 years. In the EU, specifically, annual demand is expected to increase by 543,0000 tonnes by 2040, from the present 17,000 tonnes (2020).

To report download please visit https://eurobatteryminerals.com/pdf/aperio-intelligence-critical-materials-and-e-mobility.pdf.

About Aperio Intelligence

Aperio Intelligence is an independent corporate intelligence and financial crime advisory firm, head quartered in London.  Founded in 2014, today there are 39 members of staff, speaking 24 languages in house, with offices in Paris, Bucharest and Cluj. Aperio has four service lines: due diligence, ESG, investigations and strategic intelligence. These complementary service offerings allow us to provide a range of solutions designed to address multi-faceted financial crime, regulatory, reputation and governance risks, and to provide well-sourced, objective and robust intelligence and insights to support critical business decisions.

Aperio works around the world and, beyond the UK and Europe, we have particular experience in Russia & the former Soviet Union, MENA, Africa, East Asia and Latin America’s larger economies. Since inception, Aperio Intelligence has completed over 4,000 reports, in around 130 countries and territories. Our clients include a wide range of leading international financial institutions, multi-nationals and law firms.

For further information, please contact:

Roberto García Martínez, CEO, Eurobattery Minerals

roberto@eurobatteryminerals.com

https://eurobatteryminerals.com/en/

Simon Jennings, Head of ESG, Aperio Intelligence

Simon.Jennings@aperio-intelligence.com

https://www.aperio-intelligence.com/

About Eurobattery Minerals

Eurobattery Minerals AB is a Swedish mining company listed on NGM Nordic SME (BAT) and Börse Stuttgart (EBM). As the foundation of the battery value chain the company’s vision is to help Europe become self-sufficient in ethical and fully traceable battery minerals for the electric vehicle industry. The company is focused on exploration and development of several nickel-cobalt-copper projects in Europe to supply raw material critical to the expanding electric vehicle battery market. Please visit www.eurobatteryminerals.com for more information.

Augment Partners AB, e-mail: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor.

[1] According to 2018 figures, World Mining Data.

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Eurobattery Minerals AB Year-end Report January–December 2020

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