Insight into electric vehicle technology

Electric vehicle study, including batteries and lithium supply and demand

A major conglomerate selected SFA (Oxford) to provide an understanding of electric vehicle technology and associated battery developments, as well as an assessment of lithium supply and demand and of the market dynamics influencing long-term supply and demand.

A comparative analysis of the impact of future powertrains on PGMs, cobalt and lithium, with ‘bull’ and ‘bear’ cases for electric vehicle uptake

Influence of future powertrains on critical metals

SFA (Oxford) was commissioned by a major fabricator to undertake a full assessment of the metal powertrains mix for cobalt and lithium in electric vehicles and platinum group metals in internal combustion engine vehicles. The team considered different market scenarios and potential impacts on long-term metal prices based upon detailed supply and demand detailed supply-demand modelling.

Joining the dots on the battery metals

A detailed evaluation and investor’s guide on how EV uptake is developing and how individual supply chains for cobalt, lithium and nickel are evolving

The SFA (Oxford) team produced long-term market outlooks for lithium, nickel and cobalt to 2040 for a major mining company, evaluating the deployment of electric vehicles and future metal demand. The team assimilated the breakdown of electric vehicle chemistries by type and regional variability (NMC for EU, LFP for China etc.), supplied a detailed review of the major battery fabricators and calculated battery metal demand by OEM.

Additional supply chain analysis covered the current market status quo, technology evolution, producer reserves and resources, historical supply and demand, demand segments and uses, value chain economics, major producer metal profiles, regional ESG factors, metal substitution risk, price forecasting, and identifying new investment windows of economic opportunity.

Independent analysis of the lithium hydroxide market out to 2025

The business case for downstream refining of battery-grade lithium hydroxide

SFA (Oxford) presented a detailed current and forecast lithium hydroxide (LiOH) market balance and analytical report to assess the medium-term LiOH market dynamics and pricing to advance the investment case for a new plant on behalf of a lithium producer.

Lithium market intelligence

Security of lithium supply under varying outlooks for electric vehicle penetration

A major car manufacturer commissioned SFA (Oxford) to assess the long-term potential of the lithium market and product prices to assess new upstream investment opportunities.

The changing nature of the cobalt market and metal prices from the likely effect of automotive and battery technological advances

Cobalt market study out to 2040

A major cathode fabricator commissioned SFA to assess the long-term viability of the cobalt market in response to changing battery technology chemistries and performance factors for batteries in electric vehicles and to understand to 2040 the likely supply, demand and pricing profiles.

Developing pitch book documentation for lithium clients for contractual purposes

Keeping lithium players informed for commercial success

SFA (Oxford) has aided lithium producers with industry and regional contextualisation, lithium market outlooks and price forecasts to strengthen supply chain negotiations and enhance market messaging.

Long-term market intelligence for nickel, cobalt, lithium

Equilateral thinking

SFA (Oxford) produced long-term forecasts and detailed market analytics for the three primary battery metals, nickel, cobalt and lithium. Independent supply and demand market balances and price forecasts to highlight the changing evolution of battery technologies, market consumption, substitution and recycling threats across the different end-use markets.

Quarterly strategic reviews and outlook for lithium, nickel and cobalt

Regular battery metal market price risk intelligence

Major carmakers, investors and suppliers use the SFA (Oxford) team to track the rapidly evolving nature of government policy, electric vehicle (EV) roll-out plans, the battery industry value chain, and key market players to provide up-to-date risks to metal markets and prices.

Quarterly assessments track changes to the evolution of battery chemistries and cathode developments, commercialisation timing, regional appraisal of battery supply chain forces, battery plant investments, OEM EV and hybrid roll-out successes, risks to new EV products and OEM companies, developments in EV infrastructure, evolving changes in the hydrogen economy and the fuel cell market, latest metal supply chain developments, project supply forecasts, technological breakthroughs, battery-grade metal supply risks, China's dominance on intermediates and battery precursor materials, and a five-year price outlook.

Evaluating nickel assets in Australasia

Unlocking the full potential of nickel assets

SFA (Oxford) assisted a due diligence team in assessing nickel mines and projects across Australasia for strategic investment consideration.

The team critically evaluated the significance of the nickel targets, provided long-term price forecasts for input into financial models, identified potential market premiums, interrogated downstream investment optionality, assessed technical product risks and offtake agreement strategies, and market contextualisation.

Evaluating nickel assets on behalf of a client

Supporting growth strategies in new markets

SFA (Oxford) helped to assess nickel targets across the Americas for acquisition.

The team assessed the targets in context with global peer groups, provided long-term price forecasts for financial models, and evaluated downstream processing optionality and offtake agreements.

Part of a due diligence team evaluating nickel processing plants

Assessing off-take targets for acquisition

The SFA (Oxford) analysts have aided a client to evaluate nickel processing plants across the globe for successful acquisition. To support the due diligence team we contextualised nickel targets, provided product price forecasts and augmented transactional rationale with detailed analysis and risks of changing the product portfolio to serve the battery industry and assessed average realised premiums.

Lithium investment case on behalf for a major car manufacturer

Investment committee submission: independent report

Submitted a detailed report and lithium product price forecasts to the client to offer an independent evaluation of the impact of electric vehicles, electronics and industrial applications on lithium price projections. The report also provided project incentive pricing for hard rock mines and brine operations, and an appraisal of potential new project supply. 

Asia-Pacific Rim nickel-cobalt producer’s study

Nickel laterites and HPAL processing assessment

SFA (Oxford) conducted a regional analysis of all Asia-Pacific Rim nickel-cobalt producers from nickel laterite deposits, to identify all regional players, volumes and trading links, as well as focusing on HPAL (high-pressure acid lead) operations and projects, and providing a 5-year price view of the nickel and cobalt markets.