Japan will be investing to buy mines31 Aug 2022 09:38
Hi, here is something I thought you might find interesting: - https://uk.investing.com/news/commodities-news/japan-calls-for-24-billion-investment-to-boost-battery-competitiveness-2736990
It added to those April-announced targets on Wednesday with the recruitment and 3.4 trillion yen ($24.55 billion) investment goals.
The ministry on Wednesday also said government support will expand for Japanese firms buying into mines of minerals used in batteries and reinforce alliances with resource-rich countries such as Australia and well as in Africa and South America.
Demand for minerals such as nickel, lithium and cobalt is projected to expand significantly in coming decades as they become essential for environmentally friendlier technology.
For annual production of 600 GWh worth of batteries in 2030, the government expects to need about 380,000 tonnes of lithium, 310,000 tonnes of nickel, 60,000 tonnes of cobalt, 600,000 tonnes of graphite and 50,000 tonnes of manganese.
Batteries are central to the government's target of becoming carbon neutral by 2050 as they are critical for the electrification of mobility devices and for boosting the use of renewable energy, the ministry said.