'It's a question on everyone's mind' - Li-Metal on whether lithium supply can meet demand
(Kitco News) - Better and cheaper batteries is Li-Metal's goal, said CEO and co-founder Maciej Jastrzebski.
On Wednesday Jastrzebski spoke to Kitco.
Li-Metal (CSE:LIM) is developing technology to improve the next generation of lithium-ion batteries. Jastrzebski said lithium-ion manufacturers will switch to different battery configurations, such as solid state. Li-Metal plans to have tech that will improve battery performance. In January Li-Metal commissioned an anode production facility in Rochester, New York. The company has a second facility in Markham, Ontario.
"It's really about producing those anode materials at a much lower cost and at the sizes and formats needed for the next generation of EV batteries," said Jastrzebski.
Before starting Li-Metal Jastrzebski had worked for Hatch in mineral processing. Li-Metal will scale as electrical vehicles scale. He was asked if lithium supply can meet forecast demand.
"It's a question on everyone's mind," according to Jastrzebski, who said that years of under-investment is partially to blame for the current lithium crunch. Jastrzebski suggested the short term will likely be challenging, but the "tremendous pull and push from governments and major market participants should overcome that."
"There's been so much pressure put on developing these lithium assets. We've seen governments and major market participants really fully understand the strategic importance of this industry to future growth."
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