American Battery Metals Corporation (OTCMKTS:ABML) announced Monday it had participated in the recent 2019 Benchmark Minerals Intelligence Minerals Week, where the topic of battery recycling prompted discussions.
Minerals Week is the premier lithium-ion battery and electric vehicle supply chain event focused on the key battery raw materials of lithium, cobalt, nickel and graphite. The event, hosted and run by the team at Benchmark Minerals Intelligence, featured participants and global experts in the battery metals and renewables markets.
In a statement, the company said battery recycling was heavily discussed as a short-term necessity in terms of e-waste, but also as a long-term solution to supply shortages.
READ: American Battery Metals' CEO touts a trio of verticals to help the US ramp up lithium production
Minerals Week 2019 included participants and speakers from the US Department of State, SQM (NYSE:SQM), Lithium Americas (NYSE:LAC), Piedmont Lithium Ltd (ASX:PLL), Jervois Mining Ltd (ASX:JRV) (CVE:JRV), Rio Tinto plc (LON:RIO), Pilbara Minerals Ltd (ASX:PLS), Pulead Technology, Standard Lithium, Tesla Inc (NASDAQ:TSLA), General Motors Company (NYSE:GM), and many more.
American Battery Metals head of business development and government affairs, Doug Nickle, represented the company at the five-day event held on November 11-15 in Marina del Rey, California.
"Minerals week was energizing and filled with exclusive thought leadership in the battery metals space. It was the perfect venue to learn, and to showcase American Battery Metals Corporation's circular, closed-loop vertical strategies for the supply chain," he said.
An overarching topic at the conference addressed conflicted investor sentiment in the battery metals market. While demand projections are skyrocketing, investment in new and emerging exploration and mining projects has not kept pace, deflating pricing and causing concerns about supply shortages.
There are a handful of factors for this general investor confusion, according to Sam Jaffe, managing director of Cairn Energy Research Advisors. "Electric vehicle sales in China have dramatically dropped … our forecasts in China are being pulled back near term because of electric vehicle sales," he said.
But Jaffe is optimistic about market growth in the near term. "For 2020, we forecast we will be over 200 (gigawatt hours) produced and consumed -- in 2030 that number is 1.6 (terawatt hours)," he stated.
Among the companies in attendance at Minerals Week, American Battery Metals said it established itself as unique, with its strategic plan addressing the challenges facing the battery metals supply chain.
The company is conducting an aggressive exploration of its lithium claims in Railroad Valley, Nevada, having just completed a first-of-its-kind aerial and magnetotelluric survey covering 2,000 square miles within the Western Nevada Basin, which will further enhance the company's drill program.
American Battery Metals also gained considerable attention for its recent Greentown Labs/BASF Circularity Challenge award for battery recycling. While working closely in an incubator program with BASF, the company said it is rapidly moving toward the 2020 launch of its proprietary battery recycling technology and scalable pilot plant.
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