Battery metal frenzy outshines recovery fears at top mining show batterymetals nickel cobalt lithium copper graphite REEs Canada PDAC2023 the_PDAC
Tepid global demand for metals driven by recession fears and China’s weak economic recovery have done little to shake the belief among miners that battery materials are heading for an epic bull run.
The rush for battery metals has prompted a flurry of activity from investors not typically associated with the mining industry, including automakers and pension funds — a theme that came up during panel discussions. Governments in North America and Europe have also started making moves to encourage domestic metals production to counter China’s dominance.
“It’s been very successful,” she said in an interview. “I’ve been targeted by a lot of people who are particularly interested in this specific industry.”
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