Battery Metals 2021/22: Demand for battery metals surging
As the world increasingly turns towards reducing greenhouse-gas emissions and decarbonisation, the use of electric vehicles and stationary energy storage systems is expected to increase.
The International Energy Agency estimates that nearly 10 000 GWh/y of batteries and other energy storage technologies will be required by 2040. As demand for batteries increases, so will demand for the metals and minerals that are needed to manufacture them; and with little or no inventory in the system and demand set to more than triple by 2025, buyers are seizing all they can. Meanwhile, battery metals producers are rushing to expand their operations and are evaluating new opportunities to keep pace with the surging demand for lithium, cobalt, copper, nickel, graphite, manganese, vanadium and some rare-earth metals.
Creamer Media’s ‘Battery Metals 2021/22: Demand for battery metals surging’ report provides an overview of the battery metals market in this context. Globally, the focus of the report is on supply and demand and the creation of a sustainable battery value chain, while in Africa, the report’s focus shifts to some of the key mining projects under way.
This report is a summary of information published on Engineering News and Mining Weekly websites published over the past 12 months, as well as information available in the public domain, and does not purport to provide an analysis of market trends.
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