The demand for lithium-ion batteries continues to increase, driven by the growth in hybrid and electric vehicle (xEV) production and the use of lithium-ion batteries in energy storage systems (ESS), according to a report by metals, minerals and chemical industry consultancy firm Roskill.
The transition from a market dominated by portable electronics to a market led by lithium-ion batteries in xEVs and ESS has seen the requirements for larger batteries with greater battery capacity, longevity and reliability. These changing battery requirements have catalysed the production and use of higher nickel-cathode chemistries such as NCA, NCM 532 and NCM 622.
European Metals Holdings Ltd (LON:EMH) are an Australian and UK listed mineral exploration and development company advancing the Cinovec Lithium / Tin Project in Czech Republic. Cinovec hosts the largest lithium resource in Europe, and one of the largest undeveloped tin resources in the world.