Company consolidating general interest investment partnership
It offers lithium cobalt oxide, multi-element oxide, lithium manganese oxide, and other cathode materials for small lithium batteries and power batteries, as well as electronic ceramics materials.The company is a leading specialized supplier of cathode material for lithium-ion batteries to industry giants.Expectation for projected battery consumption will account for 59% of all cobalt demand in 2020, representing a 58% increase in battery demand from 2016 levels (Darton Commodities, 2016).This growth in battery consumption is expected to principally come from increased electric vehicle demand.The rechargeable battery segment has become both the largest and potentially fastest growing end-use of cobalt.
It is expected that short-to-medium term cobalt supply will increase although at a slower pace than demand creating a supply deficit up until the end of 2019.
GEMC’s partnership with the battery cathode manufacturer is unique.
The company went downstream, direct to the supply chain to ensure that it receive project finance, metallurgical and feasibility support for projects and material purchase.
At the current rate of improvement, EV drivetrains are forecast to become competitive with combustion engines within 5 to 10 years.
Industrial and home grid energy storage systems like the Tesla Powerwall, are increasingly using lithium-ion batteries due to their charge acceptance, longer shelf life, reliability and lower total cost of ownership.
Through years of working with downstream users, including its strategic partnership with Beijing Easpring Material Technology Co.