Why automakers are sticking their noses into mining

Purity is the key determinant to a successful battery material producer, said Ken Hoffman with McKinsey & Company.Hoffman is basic materials senior expert at McKinsey. He spoke to Kitco at PDAC in Toronto in early March.Lithium-ion batteries are manufactured to exacting standards, in some cases parts per billion, said Hoffman.
  "The purity of the material is really important, so you are starting to see a coming together of the value chain. Your automakers are going all the way upstream to your miners to make sure they get the purity [expected]," said Hoffman. (show less)

Purity is the key determinant to a successful battery material producer, said Ken Hoffman with McKinsey & Company.Hoffman is basic materials senior expert at McKinsey. He spoke to Kitco at PDAC in Toronto in early March.Lithium-ion batteries are manufactured to exacting standards, in some cases parts per billion, said Hoffman.
  "The purity of the material is really important, so you are starting to see a coming together of the value chain. Your automakers ... (read more)

PDAC 2020
PDAC 2020

PDAC: The World’s Premier Mineral Exploration & Mining Convention is the leading convention for people, companies and organizations in, or connected with, mineral exploration. In addition to meeting over 1,100 exhibitors, 2,500 investors and 25,800 attendees from 132 countries, you can

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