GRAPHITE 101 POWERING THE CLEAN ENERGY TRANSITION - Nouveau Monde Graphite
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
GRAPHITE 101
POWERING THE CLEAN ENERGY TRANSITION
June 2021
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9
CAUTIONARY STATEMENTS REGARDING FORWARD LOOKING INFORMATION This presentation contains forward-looking statements which relate to future events or future performance and reflect management's expectations and assumptions regarding the Company’s growth, results, performance and business prospects and opportunities. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to it. In some cases, forward-looking statements can be identified by words such as “may”, “would”, “could”, “will”, “should”, “expect”, “intend”, “aim”, “attempt”, “anticipate”, “believe”, “study”, “target”, “estimate”, “forecast”, “predict”, “outlook”, “mission”, “aspire”, “plan”, “schedule”, “potential”, “progress” or the negative of these terms or other similar expressions concerning matters that are not historical facts. In particular, statements regarding the Company’s future results, the intended construction and commissioning timeline of the Company’s Matawinie mine (the “Matawinie Mine”), commercial value-added graphite products transformation plant (the “LiB Anode Plant”), the economic performance and product development efforts, as well as the Company’s achievement of milestones, including the ability to obtain sufficient financing for the Matawinie Mine project and the LiB Anode Plant project, are or involve forward looking statements. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to, the actual results of current development, engineering and planning activities, access to capital and future prices of graphite and those factors discussed under the heading "Risk Factors" in the Company's latest Annual Information Form as available on SEDAR at www.sedar.com and elsewhere in documents that the Company files from time to time with securities regulatory authorities, including the most recently filed Management's Discussion and Analysis. Should one or more of these risks or uncertainties, or any unknown risks or uncertainties, materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. Forward-looking information in this presentation contains, among other things, disclosure regarding: the Company’s development activities and production plans the construction and commissioning, as applicable, of the Matawinie Mine project, the LiB Anode Plant project; the future outlook, corporate development and strategy of the Company; the Company’s green and sustainable lithium-ion active anode material initiatives; the realization of the expected economics of the construction and operation of the Matawinie Mine project and the LiB Anode Plant project; the ability to obtain sufficient financing and the permitting required for the development of the Matawinie Mine project and the LiB Anode Plant project; and business opportunities that become available to, or are pursued by the Company. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: general business and economic conditions; there being no direct operational impacts resulting from infectious diseases or pandemics such as the ongoing COVID-19 pandemic; the supply and demand for, deliveries of, and the level and volatility of prices for graphite products; the speculative nature of mineral exploration and development; changes in mineral production performance, exploitation and exploration successes; the risk that exploration data may be incomplete and additional work may be required to complete further evaluation, including but not limited to drilling, engineering, and socioeconomic studies and investment; the timing of the receipt of necessary regulatory and governmental permits and approvals for the Matawinie Mine and LiB Anode Plant; the availability of financing for the Company’s development of its properties and construction of its facilities and installations on reasonable terms; the ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; increased costs, delays, suspensions and technical challenges associated with the development of the Matawinie Mine and the LiB Anode Plant; the ability to attract and retain skilled staff; development and production timetables; competition and market risks; pricing pressures; the accuracy of the Company’s mineral resource and mineral reserve estimates (including, with respect to size, grade and recoverability) as well as the geological, operational and price assumptions on which they are based; the fact that certain business improvement initiatives are still in the early stages of evaluation, and additional engineering and other analysis is required to fully assess their impact; the fact that certain of the initiatives described in this presentation are still in the early stages and may not materialize; business continuity and crisis management; and such other assumptions and factors as set out in this presentation. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that may cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any forward looking information that is included in this presentation, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. This presentation shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 2 +
MARKET AND INDUSTRY DATA This presentation includes market share information and industry data and forecasts, which we obtained from independent industry publications. Although we believe these sources to be reliable, we have not independently verified any of the data nor ascertained the underlying economic assumptions relied upon therein. Third-party sources generally indicate that they have obtained their information from sources believed to be reliable, but do not guarantee the accuracy and completeness of such information. We believe that the market and industry data presented throughout this presentation is accurate, but we cannot offer any assurance as to the accuracy or completeness thereof. We cannot and do not provide any assurance as to the accuracy or completeness of such included information. Market forecasts, in particular, are likely to be inaccurate, especially over long periods of time. NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 3 +
GRAPHITE 101
01 Introduction to Graphite
02 Graphite usage in Lithium Ion Batteries and Demand Growth
03 Graphite usage in Specialty Applications and Demand Growth
04 Current Supply Chain and Localization Trends
05 Supply & Demand Balance and Key Takeaways
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 4 +INTRODUCTION TO GRAPHITE NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 5 +
+ OVERVIEW OF GRAPHITE PRODUCTION, PROCESSING
AND KEY USES
Flake Sorting
Mining Super-Jumbo
» Refractories
Natural Flow
Jumbo Larger flake sizes command premium prices due to their » Expandable Graphite
Crushing preferred use in expandable graphite » Fuel Cells
Large » Recarburisers
Grinding » Lubricants
Medium » Foundries
» Friction Products
Fines
Floating Coated HP
Small Spherical » Battery Anodes
Micronization, Purification, Graphite
Drying Shaping and Coating 99.5% purity required
for anode materials
Synthetic Flow
Calcined Petroleum Extruded or Synthetic
Homogenised Raw Carbonised Product
Needle Coke + Pressed Raw Carbonised Product Graphite » Electrodes
Material (rebake)
Pitches Material Products » Fuel Cells
» Recarburisers
» Lubricants
Breaking, milling, Isostatic pressing or Carbonising: baking Impregnate and re- Graphitising at Machining, shaping, » Friction Products
mixing etc. extruding at 850-1,200C bake 2,800-3,000C sanding, polishing, » Graphite Shapes
purification, coating
Source: Battery Materials Review
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 6 +NATURAL GRAPHITE
IS A MORE
ATTRACTIVE RAW
MATERIAL FOR TYPE ANODE PROFILE INTENSITY PROS CONS
LI-ION BATTERIES » The preferred input 1.2 kg/kWh » Capacity » Consistency issues
» Historically, natural flake material for producers can impact life
outside China » Cost cycle
graphite was not able to match
the performance characteristics Natural Anode » Increasingly natural » Technological
of synthetic graphite blends being used in EVs advancements
have improved this
» However, recent technological
breakthroughs have improved » The dominant anode 1.2 kg/kWh » Life cycle » High cost
cycle life, energy density and technology in China
product consistency of natural today » Particle » Supply chain
size uncertainty
graphite while maintaining the » Typically blended with
significant relative cost other carbon » Capital intensive
Synthetic Anode
advantage and improved
environmental footprint
» Battery manufacturers have to
date sought to blend synthetic
and natural materials, a trend
Benchmark expects to continue
Source: Benchmark Mineral Intelligence Q1-2021
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 7 ++ KEY INPUTS TO ASSESS DEMAND GROWTH FOR
THE GRAPHITE
Li-Ion Battery
Li-Ion Battery Graphite Anode to Li-Ion Graphite Total Graphite
Demand Non Li-ion
Demand Anode Material Graphite Input Requirements Demand
(in kt Anode Requirements
(in GWh) per GWh Ratio (in kt) (in kt)
material)
Electric Vehicles Natural Anode 2.2kt / kt Natural Flake Natural Flake
Material Demand for Demand for
Li-Ion Batteries Li-Ion Batteries
1.2kt / GWh
Stationary
Synthetic Synthetic
Synthetic Anode 1kt / kt Demand for Demand for
Material Li-Ion Batteries Li-Ion Batteries
Portable
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 8 ++NATURAL GRAPHITE PRICING & SIZING
» Graphite pricing varies greatly based on market
application, the degree of downstream processing, the FLAKE GRAPHITE SIZE
PURITY
ILLUSTRATIVE
product purity and in the case of flake graphite the size of BY TYPE (MICRONS) PRICE
the saleable product
» As a general principle greater processing leads to a greater Jumbo +48 94 – 97% US$2,710/tonne
market price (e.g., CSPG vs. uncoated spherical purified
graphite), larger flake size is generally sold at a premium to Large +80 94 – 97% US$1,907/tonne
smaller flake sizes, and higher purity products (e.g., above
94%) are sold at a premium to lower purity products
− The USGS estimates the average price of imported flake Medium +140 94 – 97% US$1,547/tonne
graphite was approximately US$1,674/tonne from 2016 to
2020
− The basket price received per tonne of flake graphite from our Fines -140 94 – 97% US$1,091/tonne
demonstration plant has been in excess of US$1,500 per
tonne, without any additional downstream processing from
our LiB Anode Plant.
− According to Roskill, Global Trade Tracker the average price of
CSPG imported into China in 2019 and 2020 were
US$7,157/tonne and US$7,307/tonne, respectively
Sources: USGS, Roskill, Benchmark Mineral Intelligence Q1 2021
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 9 +GRAPHITE USAGE IN LITHIUM-ION BATTERIES AND DEMAND GROWTH NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 10 +
+ AUTOMOTIVE MANUFACTURERS MAKING A COMMITTED
EFFORT TOWARDS ELECTRIFICATION
MANU- MANU-
HIGHLIGHTS HIGHLIGHTS
FACTURERS FACTURERS
» Tesla aspires to produce 20 million vehicles each year over the next decade
» Delivered approximately 500 thousand vehicles in 2020; and » Plans to release ten different EVs by 2022.
» In 2020, deployed approximately 3 GWh of energy storage products.
» Announced its plans to have six 40 GWh battery cell production plants in » Targeting annual production of 7 million EVs by 2030;
operation in Europe by 2030;Delivered approximately 500 thousand vehicles in » Aims to have 25% of vehicles sold in Europe be electrified by 2021, 33% by 2025
2020; and and 50% by 2030; and
» Stated 2026 will be the final year it produces an internal combustion engine » Signed a $335 million multi-year contract with Livent that will supply lithium
(“ICE”) platform; and directly to BMW’s battery cell manufacturers from 2022 onwards.
» Will have at least one electric variant of every car model leading to 80 new EV » Will invest $1 billion in a German factory as part of a plan to phase out ICEs in
models. Europe by 2030; and
» By 2030, expects EVs to account for 100% of its passenger-car sales in Europe,
» Plans to completely phase out all vehicles using ICEs by 2035; and along with 66% of its commercial vans and trucks.
» Aims go to completely carbon neutral at all facilities by 2035.
» By 2025, Toyota’s goal is to have 40% of new vehicle sales be electrified models,
» By 2025, it will offer an electric variant for each of its new models; and and by 2030 expects that to increase to nearly 70%.
» All brands now offering either electric plug-in hybrid or full EV models.
» Plans to electrify 66% of its global automotive sales by 2030; and
» By 2030, Kia plans to have 40% of all its sales be EVs, hybrids or plug-in hybrids, » Has announced it will sell two electric SUVs in the United States in 2024.
with a total target sales of 1.6 million vehicles sold;
» Of that 1.6 million, the company anticipates 55% or 880 thousand, will be EVs;
and Major automotive manufacturers have announced expanded offerings of EVs,
» Kia's first electric purpose built vehicle will be unveiled in 2022. aggressive sales targets and the phase out of traditional combustion engines.
» By 2022, plans to have a range of eight EVs and 12 electrified models, as part of Timelines vary by manufacturers, but are generally focused on hitting key
the company's strategic "Drive The Future" plan. milestones by 2025, 2030 and/or 2035
Source: Company websites, press releases and news articles
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 11 ++ SIGNIFICANT BATTERY CAPACITY INSTALLATIONS IN
THE U.S. AND EUROPE UNDERPINS DEMAND
» We expect Nouveau
Monde to be the
most advanced, low
cost, large scale & fully
vertically integrated
supplier in the Western
World
» ~1,010 GWh of battery
capacity being built in
North America &
Europe(1)
» Reliable, local &
sustainable alternative
to current Chinese
suppliers
(1) Benchmark Mineral Intelligence, May 2021
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 12 ++ ELECTRIC VEHICLE ADOPTION AND STATIONARY APPLICATIONS
DRIVING GROWTH IN BATTERY PRODUCTION CAPACITY
EV Adoption and Vehicle Sales LiB Demand in GWh
Lithium-Ion Battery
EV Penetration 3% 11% 28% 2,500
Rate 2,380 demand is a function of
94
growth in battery demand:
35 358
31 2,000
» Demand for electric vehicles,
30
largely driven by increasing
EV sales (million units)
25 1,500
penetration rates (EV sales
as a percentage of total
20 vehicle sales)
941 1,928
15
1,000
77 » Demand for batteries in
12 113 portable electronics
10
500 » Demand for residential and
5 3
221 751 commercial stationary
60 12 applications
149
0 -
2020 2025 2030 2020 2025 2030
Source: Benchmark Mineral Intelligence, Q1-2021
Electric Vehicles Stationary Portable
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 13 ++ GRAPHITE IS FUNDAMENTAL TO EVERY BATTERY
CHEMISTRY
» Graphite dominates half the lithium-ion battery – 1.2kg per Kwh required to drive strong demand
LFP NMC 111 NMC 532 NMC 811 NCA
Lithium 17% Lithium 15% Lithium 16% Lithium 16% Lithium 11%
Nickel 29%
Cathode (+)
Nickel 43%
Nickel 68% Nickel 73%
Other 83% Manganese 29%
Manganese 24%
Manganese 8%
Cobalt 27% Cobalt 14%
Cobalt 17% Cobalt 8%
Graphite Graphite Graphite Graphite Graphite
Anode (-)
>95% >95% >95% >95% >95%
Silicon / other+ NATURAL GRAPHITE IS EXPECTED TO TAKE MARKET
SHARE FROM SYNTHETIC THROUGH 2030
58% 1% 45% 41% 5%
1% 3%
3% 5%
2%
2020 2025 2030
39%
49% 49%
Natural Synthetic Mesocarbon Microbeads Silicon Other
Natural Graphite
Demand for Li-ion 224,538 1,209,953 3,078,757
(tonnes)
Expected shift toward natural graphite driven by lower cost and increased performance
Source: Benchmark Mineral Intelligence Q1 2021
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 15 ++ STRONG GROWTH IN DEMAND FOR NATURAL AND
SYNTHETIC GRAPHITE IN LI-ION BATTERIES
Kt Total Graphite Demand for Li-ion Batteries Kt Implied Graphite Supply Required
14,000 14 ,000 to Meet Li-ion Batteries Demand(1)
Natural Synthetic Natural Synthetic
11,666
12,000 12 ,000
10,000 10 ,000 2,982
8,000 8 ,000
6,930
6,000 6 ,000
2,982
4,250
8,684
4,000 4 ,000
1,171
2,570
1 ,718
2,000 1 ,171 3,947 2 ,000
1,058 508 3,079
256 508 378
154 1,399 154 1,210
102 550 225
0 0
2020 2025 2030 2040 2020 2025 2030 2040
Source: Benchmark Mineral Intelligence Q1 2021
(1) 2.2 tonnes of natural flake graphite for 1.0 tonne of anode material
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 16 +FLAKE GRAPHITE
DEMAND Battery raw material demand growth (kt)
GROWTH IS 4,500
EXPECTED TO 3,932
OUTPACE OTHER
4,000
BATTERY METALS 3,500
3,000
» In aggregate, including non- 2,716
lithium-ion demand, Benchmark 2,500
expects demand for natural flake
2,012 1,948
graphite to grow from 2,000
1,933
approximately 771 kt in 2020 to
approximately 1,948 kt in 2025 1,500 1,313
and approximately 3,932 kt in
2030, a 153% and 410% growth, 1,000 771
respectively 637
411 478
500 341
» 410% growth through 2030 is 194
the strongest growth of the key
0
battery raw materials (graphite, 2020 2025 2030
lithium, nickel, cobalt and
manganese) as estimated by
Cobalt Nickel Lithium Flake Graphite
Benchmark
Source: Benchmark Mineral Intelligence, January 2021
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 17 +GRAPHITE IS Share of Mineral Demand from Energy Storage
EXPECTED TO Under IE 2DS Through 2050
REMAIN CRITICAL Lithium
Manganese
THROUGH 2050 Lead
6,0%
4,0%
6,0%
» The World Bank has provided Nickel
Aluminium
estimates of the mineral 18,6%
Chromium
intensity of the critical minerals
required to deliver the clean Copper
energy transition
Other 5%
Iron
» The Mineral Intensity of the
Clean Energy Transition Report Graphite Cobalt
published in May 2020 estimates 53,8% 6,2% Vanadium
that over 3 billion tons of
minerals and metals will be
Zinc
needed to deploy wind, solar
and geothermal power, as well
as energy storage, required for
achieving a below 2°C future
Source: The World Bank, Minerals for Climate Action: The Mineral Intensity of the Clean Energy Transition Report (May 2020)
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 18 +GRAPHITE USAGE IN SPECIALTY APPLICATIONS AND DEMAND GROWTH NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 19 +
CHANGE IN
NATURAL FLAKE
GRAPHITE
DEMAND BY
7% 8%
5% 4%
SPECIALTY 5% 5%
APPLICATIONS 12% 10%
2020 2030
» Non-battery uses for graphite
are expected to grow 56% from
2020 to 2030
71% 73%
» CAGR of 4.5%
» Usage by application expected to
remain relatively constant
Refractory and Foundry Expanded graphite Carburisation Friction Products Other
Total tonnes 546 kt 854 kt
Source: Benchmark Mineral Intelligence Q1 2021
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 20 +CURRENT SUPPLY CHAIN AND LOCALIZATION TRENDS NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 21 +
ANODE / CATHODE BATTERY CELL
LITHIUM-ION
EXTRACTION PROCESSING
PRODUCTION MANUFACTURING
BATTERY RAW EU
4% Other
US
10%
MATERIALS
17%
GRAPHITE Other
23% China
EU
6% China
73% 73%
China Other
SUPPLY CHAIN
China
83% 11%
100%
BY COUNTRY COBALT
Other
99%
China
1%
EU
17%
Other
0%
China
Graphite supply chain is the 82%
battery raw material that is US
Other
37%
US
4%
Other
39%
US
10%
currently most dependent on LITHIUM
1%
China
EU
6% China
China Other 9% 73%
Other
90% China
11%
61%
China
59%
EU
7%
MANGANESE Other
94% China
6%
China
93%
EU US
8% 1%
EU
NICKEL Other China
13% China
65%
61% Other
31% 21%
Source: Benchmark Mineral Intelligence
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 22 ++CHINA DOMINATES GRAPHITE SUPPLY
» Graphite supply, both natural
and synthetic, has been
concentrated in China due to
the current location of ROW
10%
processing capacity. China
ROW
accounts for an estimated Brazil
39%
61% of synthetic graphite 11%
and 100% of chemical Natural Natural Synthetic
processing capacity, Africa
6% Graphite Graphite Graphite
respectively.
Extraction Processing Production
» As it relates to graphite China
usage in LiB, China currently China
61%
accounts for approximately 73% China
100% of spherical graphite 100%
production (both synthetic
and natural), the key
graphite precursor for
battery anode production.
Source: Benchmark Mineral Intelligence Q1 2021
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 23 ++ NOUVEAU MONDE POSITIONED TO PROVIDE A
LOCALIZED, CARBON-NEUTRAL ALTERNATIVE TO CHINA
Feasibility
Study
supports
» Graphite mines exist across
production the globe – but 100% is
of ~10%
of global
shipped to China and
supply processed there for battery
Canada = 0% of flake
anode materials
» Global battery and EV
China = 73% of flake
manufacturers seek
BUT 100% of spherical graphite alternative, sustainable
sources of supply
» Both the E.U. and U.S. have
declared graphite a supply
critical mineral
India = 3% of flake
» Nouveau Monde is
strategically located for the
U.S. and European markets
Brazil = 11% of flake » Nouveau Monde plans to
provide a carbon-neutral
Flake graphite mine supply Africa = 6% of flake product to its customers
Downstream lithium-ion battery anode conversion supply Source: US Geological Survey, January 2021. Only the largest
countries/regions shown (accounting for >90% of production).
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 24 +SUPPLY & DEMAND BALANCE AND KEY TAKEAWAYS NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 25 +
DEMAND IS
EXPECTED TO
OUTSTRIP SUPPLY SIGNIFICANT SUPPLY SHORTAGES EMERGING AS EV DEMAND
BY 2023 – AND RAMPS UP
CONTINUE
BEYOND 500,000
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
0
Market projection for natural graphite:
MARKET BALANCE (K TONNES)
» Graphite demand exceeding global
supply by 400,000 tonnes by 2026 -500,000
» New production needed to come
online to meet the strong growth -1, 000,000
market
» Nouveau Monde scheduled to begin -1, 500,000
commercial production in 2023; Commercial
expected to be the largest producer production commences
in North America offering carbon- -2, 000,000
neutral battery grade graphite
» Nouveau Monde will be well -2,500,000
positioned in a “seller’s market” over
the next decade
Source : Benchmark Mineral Intelligence
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 26 +Unprecedented growth in Electric Vehicle adoption and production driving
GRAPHITE 101 demand for Lithium-Ion Batteries
KEY TAKEAWAYS Lithium-Ion Battery demand from grid storage applications to surpass traditional
portables by 2024
Graphite is an essential input for Lithium-Ion Batteries making up >95% of
anode material
Specialty and Traditional graphite markets are expected to continue to grow in
line with GDP
Natural and Synthetic Graphite are both expected to grow supply to meet this
Demand
Natural Graphite provides a superior ESG profile and is expected to experience
the highest growth
China Dominates the Current Supply Chain – OEMs are seeking diversity of
Supply
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 27 +APPENDIX NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 28 +
+ NATURAL GRAPHITE DEMAND BUILDUP
2020 - 2025 2020 - 2030 2020 - 2040
2020 2025 2030 2040
Growth CAGR Growth CAGR Growth CAGR
Li-ion Battery Demand Growth
Electric Vehicles (GWh) 149 751 1,928 5,827
Stationary (GWh) 12 113 358 1,344
Portable (GWh) 60 77 94 138
Total (GWh) 221 941 2,380 7,310 33.6% 26.8% 19.1%
Natural Flake Graphite Demand for Li-ion Batteries
Natural Graphite Market Share 38.5% 48.7% 49.0% 45.0%
Implied Energy Demand From Natural Graphite (GWh) 85 458 1,166 3,289
Graphite Intensity (kg / KWh) 1.2 1.2 1.2 1.2
Natural Graphite Anode Material (kt) 102 550 1,399 3,947
Natural Flake Graphite per tonne of Anode Material 2.2 2.2 2.2 2.2
Natural Flake Graphite Demand for Li-ion Batteries (kt) 225 1,210 3,079 8,684 40.1% 29. 9% 20.1%
Total Natural Flake Graphite Demand
Battery Demand (kt) 225 1,210 3,079 8,684
Non-battery Demand (kt) 546 738 854 1,122
Total Natural Flake Graphite Demand (kt) 771 1,948 3,932 9,806 20.4% 17.7% 13.6%
Memo:
Synthetic Graphite Market Share 58.0% 45.0% 41.0% 34.0%
Implied Energy Demand From Synthetic Graphite (GWh) 128 423 976 2,485
Graphite Intensity (kg / KWh) 1.2 1.2 1.2 1.2
Synthetic Graphite Anode Material (kt) 154 508 1,171 2,982 27.0% 22.5% 16.0%
Pre-Yield Loss Total Graphite Demand for Li-ion Batteries (kt)* 378 1,718 4,250 11,666 35.3% 27.4% 18.7%
Post -Yield Loss Total Graphite Demand for Li-ion Batteries (kt)* 256 1,058 2,570 6,930 32.8% 26.0% 17.9%
Source: Benchmark Mineral Intelligence Q1 2021
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9 + 29 +GREEN BATTERY MATERIALS
TO POWER THE ENERGY REVOLUTION
CORPORATE OFFICE NouveauMonde.group CONTACT
995 Wellington Street, Suite 240 Facebook Christina Lalli
Montréal (Québec) H3C 1V3 Twitter Director, Investor Relations
Canada YouTube +1 438 399-8665
LinkedIn clalli@nouveaumonde.ca
NouveauMonde.group + NYSE: NMG | TSXV: NOU | FSE: NM9You can also read
