The metals used to make batteries are in hot demand. In 2021, the price of one form of lithium skyrocketed by over 400%. Automakers are racing to lock up supply deals for key minerals as they roll out new electric-vehicle models. And the market value of companies with mining assets, or new technologies to unlock them, has skyrocketed.
What’s behind this scramble for metals and what does it mean for the energy transition?
In this episode, Shayle talks to Kurt House, chief executive officer and co-founder of KoBold Metals. Kobold uses artificial intelligence to discover and characterize new sources of key battery metals.
Kurt and Shayle survey five key materials of the energy transition — lithium, nickel, copper, cobalt and rare earth metals. They compare the roles of each one in different types of batteries and discuss how the changing battery cell chemistries are shaping metal markets. Kurt explains the different factors shaping supply, including recycling, new mineral discoveries and shifting geopolitics.
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