A Sneak-peek into the Battery Market - Kalkine Media
by John Smith Stock Market Investor
There are different types of battery technologies available in the market. These include-
Nickel Cadmium Batteries
Nickel Metal Hydride Batteries
Small Sealed Lead Acid Batteries: The advances in battery technology are primarily driven by demands for portable electronics, like laptop computers and mobile phones as well as the global popularisation of electric vehicles (EV). The growth in battery capacity demand and changes in cathode chemistries have important implications on the price for transition metals used in the battery technology – cobalt, nickel, and lithium.
Since batteries only form a fraction of the total demand for nickel, the nickel prices are not too susceptible to change in EV-related demand. On the contrary, Cobalt and lithium prices are more prone to the EV battery sector fluctuations.
Australia is incredibly rich in the minerals used to manufacture batteries. Several companies have already started to cash in as the demand for energy storage solutions rises and the preference for electric cars soars amidst global climate change warnings.
Created on Jul 1st 2019 06:27. Viewed 459 times.