article thumbnail

Deep-sea battery metal developer DeepGreen going public with SPAC to become $2.9B (equity value) The Metals Company

Green Car Congress

Rising raw materials prices risk undermining EV manufacturers’ efforts to drive down the cost of EV batteries necessary for mass adoption; and. This is generating the world’s largest industrial waste stream and gigatons of emissions, poisoning ecosystems and people’s health, and driving potential labor exploitation including child labor.

Companies 418
article thumbnail

Could Sucking Up the Seafloor Solve Battery Shortage?

Cars That Think

The supply of metals like cobalt, copper, lithium, and nickel needed for batteries is already shaky , and soaring demand for the hundreds of millions of batteries in the coming decades is likely to trigger shortage and high prices. Some companies want to harvest metallic treasures from the sea.

Batteries 129