V-Con: Base metals – demand backed by the EV and renewables revolution
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V-Con is Stockhead’s investing focused video conference series, bringing you expert insights, panel discussions and presentations from leading analysts, listed small caps and industry players. This latest video conference focuses on base metals.
The rise of electric vehicles (EVs) and renewable power options like wind and solar are driving demand for base metals, including lead, copper, nickel, tin, aluminium, and zinc.
Nickel is one of the main components in lithium-ion batteries for EVs, and with the increasing demand for green nickel in the European supply chain, customers are willing to pay a premium for a zero-carbon nickel product with green credentials.
Plus, EVs contain around four times as much copper as conventional cars. And with the rising uptake of EVs globally, Barclay Pearce Capital equities trader Joseph Raad suggests that the price of copper could soar above $US20,000 per tonne – up from a current price of ~$US9400/t.
And don’t forget that lead-based batteries will still be needed as back-up batteries for these EVs – and that tin has applications in battery anodes. In the solar sector, copper, zinc, and aluminium producers are also set to benefit from increased demand.
A typical solar panel includes aluminium and galvanised steel (coated with zinc) for structural parts, with copper used in high and low voltage transmission cables and copper tubes in thermal solar collectors.
And Wood Mackenzie analyst Kamil Wlazly says solar generation capacity worldwide will triple between 2020 and 2030, then triple again by 2050 – and that demand from the solar sector for base metals would double.
Speaking with a handful of emerging companies making waves in the sector, along with industry experts, we find out what’s in store for base metals.
Sky News and CNBC business journalist Oriel Morrison interviews Liam Twigger, Deputy Chair of Argonaut.
Argonaut is an integrated investment house with corporate, stockbroking & research and special situations financing capability in the Australia/Asian region.
Conico Ltd (ASX: CNJ)
Guy Le Page, Executive Director
Conico is a mineral explorer with a suite of highly prospective precious and base metal projects across Greenland and Western Australia.
Blackstone Minerals Ltd (ASX:BSX)
Scott Williamson, Managing Director
Blackstone is actively exploring the Ta Khoa Nickel Project in Vietnam. The project includes the Ban Phuc mine which operated as a mechanised underground mine from 2013-16 and has infrastructure built to Australian standards, including a 450ktpa processing plant.
Alicanto Minerals Ltd (ASX:AQI)
Peter George, Managing Director
Alicanto’s flagship assets are located in the highly prospective Bergslagen Mining District in Sweden, notably its Greater Falun Project containing high-grade Cu-Au-Zn-Pb-Ag and its Sala Project containing high-grade Silver-Lead-Zinc.
Apollo Minerals Ltd (ASX:AON)
Neil Inwood, Executive Director
Apollo Minerals is a responsible exploration and development company focused on the Kroussou zinc-lead Project in Gabon.
Impact Minerals Ltd (ASX:IPT)
Mike Jones, Managing Director
Impact manages extensive tenement holdings (>4,000 km2) within Australia featuring significant potential for high-grade mineral deposits of gold, silver, lead, zinc, copper, nickel and PGMs.
QMines Ltd (ASX:QML)
Andrew Sparke, Executive Chairman
QMines is an ASX miner focused on the development of its four advanced copper and gold projects located in Queensland.
Venture Minerals Ltd (ASX:VMS)
Andrew Radonjic, Managing Director
Venture Minerals is the owner of the Mount Lindsay Tin-Tungsten Project in Tasmania, one of the world’s largest undeveloped Tin-Tungsten deposits.