Battery metals market update

EV supply chain: key factors bottlenecking ramp-up over the next five years

Despite significant macro and logistical headwinds for car sales in general, BEV sales continue to surprise on the upside.

We expect to see a much wider range of new BEV models being offered to consumers, with a wider range of price points, including a range of new entrants, in the next few years.

Programme

Key takeaways

EV trends

• BEV sales continue to surprise to the upside, despite significant macro and logistical headwinds
• Important to appreciate regional differences in fleet penetration
• OEMs keep upgrading EV production targets, committing large sums of capital to transition to EVs
• Governments continue to influence consumers through a carrot and stick approach

Lithium markets

• Incoming structural impediments could slow growth rates from mid-decade
• Significant execution risk perceived in lithium project pipeline
• Total potential impact of roughly 15m BEVs by 2030
• This could provide a longer tail to cleaner ICE cars, and hence PGM demand, in the 2^nd half of the decade

Sibanye-Stillwater is strategically well placed for future scenarios

• Positive fundamental outlook for battery metals – strong demand pull & supply challenges 
• PGM business well placed for extended ICE cycle and developing hydrogen economy
• Green metals portfolio positioned for supply of critical metals into chosen regional supply chains
• Establishing key partnerships and investments in strategic ecosystems to further our impact as a force for good
• Unique, diversified portfolio ensures balance & risk mitigation and solid financial position provides significant optionality