Lifezone’s production will address a looming critical market deficit for Class 1 nickel required for EV batteries.
Growth in EV volumes will drive demand for expanded lithium-ion battery volumes, as EV performance requires nickel-rich batteries.
Original Equipment Manufacturers (OEMS) are increasingly focused on decarbonizing EV manufacturing, and many have said they can no longer use metals supplied from traditional, carbon intensive smelters.
Lifezone’s cleaner metals will deliver significant sustainability benefits and aligns our strategy with automakers and OEMs seeking to cut greenhouse emissions from operations (Scope 1 & 2) and the emissions of their supply chains (Scope 3).
Nearly 96% of the 2,200 companies that joined the Science Based Targets Initiative (SBTi) and have approved science-based targets have targets covering Scope 3 emissions. Emissions related to Nickel supply are a Scope 3 for all products containing Nickel.
Outside of China, North America has seen the fastest growth of any region, adding 11 gigafactories to its pipeline since mid-2021.