Metals Company SPAC

BETTER METALS FOR EVs Massive deficits in key EV battery metals are expected from 2025. Global battery demand¹ By application, in gigawatt hours 219 2019 17x 1,464 1,268 138 2025 - 58 1 "Powering up sustainable energy," McKinsey, June 2020. 2 "How clean can the nickel industry become?", McKinsey, September 2020. 3 Q4 2020 Copper Long Term Outlook, Wood Mackenzie. 3,612 3,086 457 2030 EVS Energy storage 69 Consumer electronics Nickel class 1 deficit without greenfield developments Global refined nickel supply and demand, in Mt² 2.6 2.4 2.2 2.0 1.8 1.6 1.4 28 Copper deficit without greenfield developments Global copper mine supply and demand, in Mt³ 26 24 1.2 1.0 0.8 2012 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 2030 22 20 18 16 28 Ni 14 Nickel 58.693 2012 13 14 29 Cu Copper 63.546 15 Demand 16 Supply Demand Supply 2.3 17 18 19 20 21 22 23 24 25 26 27 28 26.9 29 2030 7 ~40% deficit ~35% deficit

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