RE: US PATENT ON USE OF PLATINUM GROUP METALS IN NEXT GENERATION LITHIUM AIR BATTERIES23 Sep 2020 10:14
Russian firms have a lot of potential to capitalize on higher demand for metals used in manufacturing electric vehicles, wind turbines and super batteries, Apurva Sanghi, lead Russia economist at the World Bank said.
Both the wind power market forecast to grow at a rate of 8% a year by Mordor Intelligence and the electric vehicles industry which Deutsche Bank expects to hit 25 million units a year by 2030 are fast-growing sectors which need metals that Russia has in abundance.
Palladium is essential to reducing emissions from cars. Russia is the single-biggest producer in the world said Saxo Bank Steen Jakobsen. With governments in the EU falling over themselves to introduce subsidies for low-emissions vehicles, the German car industry will be knocking on the door of companies like [Russias] Eurasia Mining producers of palladium, gold and platinum.