52 Countries Set Electric Mobility Targets; Raw Material Demand Rises for Batteries and Uranium
A total of 52 countries, including EU nations, Canada, and Nepal, have committed to electric mobility targets starting from 2035. Significant investments in electric vehicles will impact the demand for raw materials such as lithium, cobalt, nickel, and copper. Concurrently, the rising interest in nuclear power is expected to increase uranium demand, with companies like IsoEnergy and Canada Nickel Company positioned to benefit from this trend through their high-grade uranium and nickel-cobalt projects.
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A record 52 countries have set electric mobility targets, aiming to electrify the passenger car sector by 2035, including nations like Canada and Nepal. The push for electric mobility necessitates raw materials such as lithium, cobalt, nickel, and copper.
Additionally, a renewed focus on nuclear energy is expected to elevate uranium demand, with a predicted deficit in the coming years. Companies like IsoEnergy, with uranium projects in Saskatchewan, and Canada Nickel Company, with nickel and cobalt resources in Ontario, are positioned to benefit from this increasing demand for both battery materials and uranium.
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