Reality Check: Battery Metals and the Challenges of Electrifying Transport – EBPowerCon 2022
By Anthony Capkun
February 24, 2022 – COP 26’s ambitious goal of 100% zero emission vehicle sales by 2040 may hit a roadblock before it takes off. The repercussions of stalled production and manufacturing lines has sent lithium, nickel, and cobalt prices soaring, putting the brakes on EV sales.
According to recent data published by S&P Global Platts, battery metals have surged in the past year, with lithium carbonate prices hitting an all-time high of $25,000/mt in October 2021—an increase of more than 284% since August 2020. Beyond the price of manufacturing, there’s also the obstacle of ensuring EV infrastructure meets the demands and expectations of the consumer.
With years of experience in the energy sector, Roman Kramarchuk of S&P Global Platts joins EBPowerCon 2022 to discuss the realities of our energy transition, examining and answering questions such as: Can we even afford it? Can the supply chain keep up? What is actually realistic?
Launched by Electrical Business Magazine, EBPowerCon engages with subject matter experts—one-on-one and via panel discussion—to shed light on trends and technologies so as to empower our professional electrical community of contractors, engineers, maintenance, and related stakeholders with knowledge and insight into markets and opportunities.