Investing in Lithium: Q&A with Vulcan Energy Resources (ASX:VUL).

Join our next Bloom Q&A spotlight, where our team sits down with one of the companies in our Fund to talk about investing trends and climate impact. It’s your opportunity to meet directly with companies you invest in and learn more about your impact.

With the surging fuel prices across the world and increasing pollution levels in the environment, many countries across the globe have started investing in lithium-ion technology which is used as a substitute for conventional fuel vehicles in the market. With lesser manufacturing costs and high-performance delivery, lithium batteries are considered to be the best choice in modern electric vehicles.

But beyond its environmental benefits, the global lithium market is also catching investors' attention S&P Global Market Intelligence forecasts lithium supply is set to triple by 2025, expected to reach USD 8.2 billion by 2028, and expected to expand at a CAGR of 14.8% from 2021 to 2028 (source: Grand View Research). For the foreseeable future, lithium-ion will be the leading technology in the electric vehicle (EV) industry.

To dive into this topic, Bloom is delighted to host Vulcan Energy's Managing Director Dr Francis Wedin.

Vulcan’s geothermal and lithium divisions are leaders in their field and continue to realise significant project milestones. At a time when Europe, particularly Germany’s, reliance on Russian energy is being keenly felt, Vulcan stands committed to helping ensure Europe and Germany’s energy independence and security of supply of sustainably sourced battery metals.

Vulcan’s commitment to supplying net-zero lithium is a gamechanger for a sustainable future. It is expected that approximately 66% of the world’s automotive sales will include a lithium battery by 2030, and ensuring the materials they mine are net-zero will cut back on the overall carbon footprint during the production of electric and hybrid vehicles. The use of a prospective life cycle assessment (LCA) gives Vulcan Energy Resources strong foresight and will help reduce environmental impacts and make decisions regarding their scope 3 energy use and carbon footprint.

About our guest speaker: Dr Wedin was previously Executive Director of ASX-listed Exore Resources, where he developed two new lithium resources, on two continents. He is bilingual, has a PhD and BSc (Hons) in geology, an MBA in renewables, is a Fellow of the Geological Society, London, and a member of the Australasian Institute of Mining and Metallurgy.

Watch the full recording and presentation here.

All information is general information only. This event is prepared by Bloom Impact Investment Services Pty Ltd (ACN 651 965 098 AR 001294778), who is an authorised representative of Cache Investment Management Pty Ltd (ACN 624 306 430 AFSL 514 360) (Cache).