The current energy transition towards a low-carbon economy is expected to be much more mineral-intensive than previous transitions. Certain minerals acquire momentum under this energy transition and are now considered ‘critical’ for which substitutes are limited or nonexistent and supplies are geographically concentrated.
The role of electric vehicles (EVs) is and will be of the essence for this transition to be successful. In this regard, EV batteries require a number of mineral components to store and utilise electricity as fuel (ie lithium, cobalt, nickel, graphite, copper, vanadium, manganese and rare earth elements such as neodymium). In this scenario, lithium is an important element of the new category of minerals named ‘battery minerals’.
Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services
