Case Studies
Demonstrated expertise of Newland Global Group’s (NGG) advisory work
NGG taps its unparalleled internal and external ecosystem of experts, relationships, access, and industry intelligence to ensure that our clients achieve their goals. NGG is committed to crafting precedent-setting deals driven by our clients’ ideas, interests, and opportunities. Our goal is to help our clients achieve their ambitions.
NGG’s specialists amalgamate business acumen and profound sector knowledge with technical know-how and state-of-the-art analytic tools so that clients stay in front of the issues and make the best decisions. We have the workforce and capabilities to execute clients’ decisions – beginning right with the strategy, through seamless execution, to tangible results.
We analyse the current plan and prepare for the future by assisting our clients in seizing prospective opportunities. We are proud to share how we have helped our clients achieve their business-driven goals.
NGG is advising Cobalt Blue (COB) on commercial engagements in India
The sustained source of mineral and metal commodities is imperative for the transportation and manufacturing segment. India’s commitment to the UN Climate Change Conference, Paris, 2015, to reduce greenhouse gas emissions and to opt for a greener mode of transportation, emphasised upon to achieve all-electric vehicles by 2030. India is highly ambitious of achieving energy security at the earliest. The lithium-ion battery market in India is expected to grow at a CAGR of 34.8% during the forecast period of 2019 – 2024. India’s requirement of lithium is expected to be 350,000 tonnes per year according to auto industry estimates. The growing adoption of EVs and the need for EV batteries with higher energy densities will see the demand for lithium increased more than threefold between 2017 and 2025 while demand for cobalt will increase by 60% over the same period. India is one of the largest importers of lithium-ion batteries. The Government of India in a bid to spur local manufacturing has doubled the basic import duty on lithium-ion cells. Cobalt is one of the primary minerals used to manufacture lithium-ion batteries. The mineral is used to develop battery cathodes. More than half of the global supply of cobalt is used for batteries. And while cobalt may not receive the same attention as lithium, it is a vital component for battery manufacturing.
Cobalt Blue (COB), ASX-listed Australian company recognises the importance of cobalt as a commodity. COB’s sights are set on becoming a pioneer for Australia’s domestic battery industry through its Broken Hill cobalt project in New South Wales. Broken Hill is designed to operate as both a cobalt mine and refinery that produces battery-ready cobalt sulphate, which will give the company significant advantages and control over its resource.
COB has also developed a unique method of extracting cobalt from pyrite at a lower cost. Notably, this strategy has attracted international interest from myriad of technology companies.
With the signing of Australia-India Critical Materials MOU (including cobalt) in June 2020, introduction of the Broken Hill Cobalt Project to one of the largest and exciting lithium-ion battery markets will lead to prolific trade and cooperation between the two countries. The government of India’s flagship “Make in India” program is anticipated to increase the demand for critical minerals in the country and establish indigenous battery industry.
COB has appointed NGG to identify opportunities for them in India. NGG is currently engaged with senior stakeholders in the automotive, chemicals, battery manufacturing, mining and resources sectors in India, and is pursuing negotiations on investment opportunities, through a short to medium-term plan, and offtake opportunities through a medium to long-term offtake plan.