The 'staggering' numbers needed for metal production to meet coming EV demand

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(Kitco News) - The 'staggering' numbers needed for metal production to meetcoming EV demand

To meet anticipated battery material demand, Sean Thijsse atPallinghurst Group has seen multiples as high as 20-times current demand forgraphite, nickel and cobalt; and lithium with multiples as high as 40-timescurrent demand.

Thijsse is Group Head of Corporate Finance at PallinghurstGroup. He spoke to Kitco on Monday. Pallinghurst Group invests in metals andmining with a focus on battery materials.

"When you compare that to today's production, that is prettystaggering and shows unprecedented demand," said Thijsse.

By Michael McCrae

For Kitco News

Follow michaelmccraemmccrae@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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