Due to the energy transition and increasing demand for electric vehicles, there is a growing need for battery metals in the long run. Forbes reports that by 2050, nickel demand will triple, copper demand will double, and lithium chemical demand will increase by 700%. This trend is driving transformation in the mining industry, as the world moves towards cleaner energy technologies. However, there is a significant gap between supply and demand for these materials, and industries, governments, and international organizations are exploring various approaches to close it, including expanding existing mines, developing new ones, and improving extraction efficiency.
Currently, all of the top 10 manufacturers of electric vehicle (EV) batteries are Asian companies, with China dominating the market with a 56% share. Korean companies account for 26% of the market, while Japan has a 10% share. Among them, the world's leading supplier, CATL, has increased its market share from 32% to 34% between 2021 and 2022. CATL, a Chinese company, supplies lithium-ion batteries to several well-known companies such as Tesla, Hyundai, Honda, and BMW. LG Energy, a Korean company, surpassed Panasonic in 2022 to become the second-largest supplier, closely followed by BYD.
The Asian market provides excellent investment opportunities that investors should not overlook, especially with the increasing demand for battery metals. To take advantage of these opportunities, investors should keep up with the latest market trends in base metals and seek investment opportunities in materials that play essential roles in the energy transition.
The GCFF Virtual Conference 2023 – Battery Metals – Asia Pacific, a free webinar, will be held on Sep 28, 2023 HKT (Sep 27, 2023 PT) and will provide institutional investors with:
High level macro-economic analysis on the battery metals sector for 2023.
Understanding the opportunities presented by the battery metals companies such as lithium, copper, nickel and more.
Hearing directly from CEOs about their projects.
Who will be Watching?
In this Asia investor focused event, participating companies will have the benefit of presenting to the qualified investors in Asia who have strong interests in the battery metals sector. These investors will include high-net-worth individuals, institutional investors, private family offices or industrial corporate investor groups. This is an invitation-only event with the focus on regions including mainland China, Hong Kong, Taiwan and Singapore.
This will be the perfect opportunity for companies in the battery metals sector to expand their presence with the growing number of investors in the Asia Pacific region. If you are interested in attending this event as an investor, please contact us for more info.