Battery & Metals Update – Asia Battery Trip Notes: AI, Stationary Storage, and Dancing Robots

We attended and spoke at the Battery Show Asia in Hong Kong and visited a new battery cell facility that provides bespoke cells for drones and robots. The battery industry continues to grow at annual rates of between 30-50% and shows no signs of slowing down over the next 5-10 years. We will continue to monitor all of the metal needs as the industry changes (we will especially look at rare earth metals and specialty metals used in these applications). Lithium and manganese markets look to continue to be robust based on strong battery demand.