Kura Identifies the Unsung Battery Metal Heroes for 2018
Copper may be King in Chile, but this year an increased apetite in battery metals has drawn attention to opportunities in the IOCG corridor, particularly in vanadium, manganese and cobalt.
Vanadium redox flow batteries have been a major driver in the metal's price surge, and been deemed a revolution by mining industry leader Friedland, amongst others. Beyond Australia, China and South Africa, Vanadium production has also been developing in Brazil, and in North America companies have refocussed projects from uranium to a more market favourable vanadium.
Whilst Vanadium for batteries may be taking 2018 by storm, VRFBs are still finding their place in being commercially competitive to the lithium-ion battery. Traditionally a critical metal for industry, Manganese is our second pick as combined with lithium, nickel and cobalt, the metal forms the NMC batteries which save EV charging time. Major producers also include South Africa, China, India and South American giant, Brazil, but with the increased future demand of batteries, the future supply chain will need to be secured.
Finally, the most popular of the three, especially when prices were higher at the start of the year is Cobalt, which is being seen as the ideal compliment to copper projects in the corridor. High grade is key, hence deposits in DRC, China, Russia, Canada and Australia have seen the most development of late, but Kura is happy to present a host of opportunities in Chile.
Check out Kura's Mineral Portfolio to review opportunities with these three battery heroes!