Boost in Nickel and Lithium Battery Chemistries along with Global EV sales

August 31, 2022

An increase of up to 83% year-on-year global Electric Vehicles (EVs) sales was observed by Adamas Intelligence based on its 2021 analyses. Reports also showed that 268.2 GWh of electricity was spent on EVs, particularly in the plug-in electric vehicles alone, which include both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEV), recording a 113%-increase in the deployed EVs, globally.

Chemistries at play on these batteries showed that 54% of these newly deployed plug-in EVs was powered by high nickel cathode chemistries or NCM 6-, 7-, 8-series, NCA, and NCMA in the American Region; 26% by low nickel cathodes or NCM 5-series and lower, as explored by the European Region, and 20% by no nickel cathodes, primarily LFP, as seen in the Asia Pacific Region, particularly, China. Due to these differences in the battery composition per region, the demand for the other chemical precursor, such as lithium hydroxide and lithium carbonate, also varied, where the former was recorded at 51% in Europe, and 30% in Asia Pacific, respectively, in 2021.

Although differences in nickel demands were observed in the regions, StrategX Elements Corporation is consistent with its aim to advance ethical explorations of critical minerals and metals to provide support to the global supply chain for green innovations and renewable energies.

Reference:

“Global EV Sales Jumped In 2021, As Did Deployment of High Nickel Battery Chemistries”. 2022. MINING.COM. (https://bit.ly/3p21lZt)

About StrategX

StrategX is a Canadian-based exploration company focused on discovering energy transition metals in northern Canada. With five strategic projects situated on the East Arm of the Great Slave Lake, Northwest Territories, and the Melville Peninsula, Nunavut, we’re leading discovery in untapped regions. This first-mover advantage in underexplored regions presents a unique opportunity for investors to be part of multiple discoveries and the development of new districts for critical metals essential for the global green energy shift. For updates and the latest insights, explore our Investor Portal.

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On Behalf of the Board of Directors

Darren G. Bahrey
CEO, President & Director

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StrategX Elements Corp.
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