While electric vehicles are essential to reducing carbon emissions, their production can exact a significant human and environmental cost. To run, EVs require six times the mineral input, by weight, of conventional vehicles.
These minerals, including cobalt, nickel, lithium and manganese, are finite resources. And mining and processing them can be harmful for workers, their communities and the local environment.
EVs have already secured a prominent place on our roads: They account for more than 10 percent of new-car sales globally. Recent U.S. legislation and regulations are expected to further increase demand.
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. Cadence Minerals holds approximately 7.2% percent of the equity in European Metals Holdings.
