Innovation and electrification are driving demand for critical metals. At PAM we are focusing on lithium and copper, the backbone of electrification, the lithium-ion battery and the electric vehicle revolution.
What’s driving the EV revolution? People are!
On the back of concerns around air pollution and climate change, is the realisation that EVs are a real solution which can also save the driver a lot in fuel and maintenance costs.
And with a plethora of good looking EV models entering the market, at competitive prices, there’s a lot of choice to satisfy the discerning buyer looking to changeover to an EV.
The foundations of EV adoption were in the form of government incentives via pro-EV policies and regulations, Norway is the leader with a +80% EV adoption rate in 2023.
And overlaying this are initiatives such as that of Uber, the leading ride sharing platform, which committed to reaching 100% zero-emission rides in major markets by 2030. Uber is reinforcing this by helping its drivers transition to EVs by the end of 2025.
With momentum comes economies of scale. Lithium demand increased 5x to about 1m tonnes in 2023, driven by the popularisation of EVs with the introduction of Tesla’s Model S. Demand is expected to increase to between 3 and 4m tonnes by 2030.
And the benefits of economies of scale and competition are being reflected in the cost of lithium-ion batteries, which had almost halved in the 18 months to mid 2024. Of course, this has been reflected in the price of EVs, which are now on par with traditional ICE vehicles.
Pan Asia Metals (PAM) combines its proven track record in Southeast Asia with the promising prospects of its copper and lithium initiatives in South America.
PAM is cost focused, understanding that in the global metals market the leading factor of distinction is a projects position on the cost curve. Why? While commodity prices go through cycles, project operating costs do not. Therefore there is only way to survive the commodity price cycle, and that is to be at or near the bottom of the cost curve.
PAM’s projects are located in Thailand and Chile, both low cost regions which have established and emerging lithium chemical and electric vehicle manufacturing clusters, and which have Free Trade Agreement (FTA) protections.
That’s PAM’s strategy in a nutshell.