Reply To: Oil and gas industry M&A in the near future

#94160

Silman Ondrej Dia
Participant

Hi Senthilkumar,

Indeed battery supply will be pending on raw materials, but this is also true for all other electric devices we currently use such as smartphones, tablets, etc… As with any strategic raw material such as rare earth material mostly produced in China, and cobalt in particular, produced in DRC, making sure of a sustainable supply is challenging. The transition will of course occur step by step, dictated by the market.
However rare earth material are not so rare… and are more available than one would have thought. The issue is their extraction causes a huge environmental impact and is a rather costly activity but if demand is there and it is expected to grow, then I’m sure solutions will be found.

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