(MENAFN - Baystreet.ca) The global push for electric vehicles, from companies like Tesla (NASDAQ:TSLA) and Nio Inc. (NYSE:NIO) is only accelerating. All as the world pushes for lower emissions. The U.S. for example just pledged to reduce emissions by up to 52%, which could provide a sizable boost to the EV industry. The UK just announced plans to stop the sale of diesel and gasoline vehicles by 2030, opting for EVs. Germany unveiled a budget, which includes subsidies for electric vehicle buyers. Israel announced it will phase out fossil fuel vehicles by 2030. Norway plans to remove gas-powered vehicles by 2025. However, for the EV industry to succeed, it must have far more supply of graphite, copper, cobalt, lithium, and silver from companies like Green Battery Minerals Inc. (TSXV:GEM)(OTC:GBMIF), Albemarle Corp. (NYSE:ALB), and Lithium Americas Corp. (NYSE:LAC). After all, without those key materials, the electric vehicle boom can't grow.
For example, the EV industry needs more graphite, which, "serves as the anode in the lithium-ion batteries that power these EVs, not to mention the growing number of portable tools and electronics that use the same type of battery," according to Mining News North. It's also running short of cobalt. According to Wired, "We simply may not have enough supply." In addition, there continues to be a shortage of lithium, and even copper. A sustained shortage of these key minerals could easily put the brakes on the industry.
Green Battery Minerals Inc. (TSXV:GEM)(OTC:GBMIF) May be Able to Help with Graphite
Green Battery Minerals (formerly Goldcore Resources) is managed by a team with over 150 years collectively with a proven track record of not just finding numerous mines but building and operating them too. The Green Battery Mineral management team's most recent success is the discovery of its 100% owned Berkwood Graphite resource in Northern Quebec.
The company just announced that it has appointed Norda Stelo Collective Ingenuity of Quebec to conduct an Environmental Gap Analysis report for Green Battery's road accessible Berkwood Graphite project , located in Northern Quebec.
Michel Robert Technical Advisory states: "The Gap Analysis is a key report linking what is already known environmentally in the area and learning what new items may be unique to our property. This report helps with the planning of building of a mine and will bring us one step closer to production."
Norda Stelo is an independent engineering consulting firm that was founded in Quebec in 1963. Specializing in integrated projects from planning and design, to construction. Social, economic and environmental considerations are built into their daily operations as well as the projects in which they are involved in. For their clients, this commitment means sustainable, cost-effective and socially acceptable projects. These concerns are also reflected in Norda Stelo's support for various social causes.
Vanessa Viera, Ph D Biologist of Norda Stelo states:
For this assignment, a team of experienced specialists was specifically assembled to cover all the technical disciplines required for the mandate. Furthermore, our work program was developed with the objective of efficiently carrying out a gap analysis according to the applicable environmental assessment process and regulatory framework. We believe this proposal provides an added value to Green Battery because of the prior knowledge of the local environment our team acquired during the completion of an Environmental Baseline Study for the Lac Gueret property (Mason Graphite). (Which is 8 km away)
Other related developments from around the markets include:
Tesla released its financial results for the first quarter of 2021 by posting an update on its Investor Relations website. Please visit to view the update.
Nio Inc., a pioneer and a leading manufacturer of premium smart electric vehicles in China, provided its April 2021 delivery results . NIO delivered 7,102 vehicles in April 2021, representing a strong 125.1% year-over-year growth. The deliveries consisted of 1,523 ES8s, the Company's six-seater and seven-seater flagship premium smart electric SUV, 3,163 ES6s, the Company's five-seater high-performance premium smart electric SUV, and 2,416 EC6s, the Company's five-seater premium smart electric coupe SUV. As of April 30, 2021, cumulative deliveries of the ES8, ES6 and EC6 reached 102,803 vehicles.
Albemarle Corp., a leader in the global specialty chemicals industry, announced that it has joined the United Nations (UN) Global Compact , a voluntary leadership platform for the development, implementation and disclosure of responsible business practices, and the largest corporate sustainability initiative in the world. Launched in 2000, the UN Global Compact is a call to companies to align their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption, and to act in support of UN goals and issues embodied in the Sustainable Development Goals (SDGs). "We are pleased to confirm Albemarle's support of the Ten Principles of the UN Global Compact," said Albemarle CEO Kent Masters. "The UN Global Compact principles align well with Albemarle's core values, culture and the way we do business. In addition to our membership and existing business strategy, we will engage in collaborative projects to advance the broader development goals of the UN, in particular the Sustainable Development Goals, and will continue our commitment to act as good stewards for the environment and the communities in which we live and work."
Lithium Americas Corp. has reported financial and operating results for the fourth quarter and year ended December 31, 2020. Net loss for the year ended December 31, 2020, was $36.2 million compared to net income of $51.7 million for the year ended December 31, 2019. Net income in 2019 was a result of the gain on dilution of interest in Caucharí-Olaroz.
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