RE: EVs show why AMC should wait!27 Jun 2019 16:37
There is nowhere near enough nickel and other about to fill demand..
“How much nickel and cobalt is in an Electric Vehicle (EV) battery? Is it significant to our project?”
Answer Team: The composition of EV batteries varies by manufacturer. Let’s limit this response to the Tesla Model S, which generally comes equipped with a 70 kWh battery (providing about three miles per kWh). This battery weighs about 450 kilograms or 1,000 pounds, nearly 25% of the total vehicle weight.
An EV battery for the Tesla Model S is comprised of four components: an anode, a cathode, the electrolyte and the rest (the container basically). The cathode represents about 50 to 60% of the total weight of the battery and is composed of nickel, cobalt and aluminum. In this version of the battery, the cathode consists of about 80% nickel, 15% cobalt and 5% aluminum. Therefore, the nickel content of this battery is in the order of 440 pounds or 200 kilograms per battery.
At Kun-Manie, we have about 738,000 tonnes of nickel in our resource. If we could mine every tonne of the nickel at a metallurgical recovery of 80%, the total nickel would allow for the manufacture of about 3.0 million batteries. This may sound like a large number of batteries but Chinese EV manufacturers are projecting 4.5 million new unit purchases per year by 2020. With the potential of this sole market being so large, we obviously have been and are watching this space very closely.
As for cobalt, there is about 15,000 tonnes in the resource inventory at Kun-Manie. At a metallurgical recovery of 60%, this represents 9,120 available tonnes of available cobalt. The Tesla battery contains an estimated 80 kilograms of cobalt which would allow for the manufacture of just over 110,000 batteries.''
Sign In
Follow the stocks
