AVZ Discussion 2022
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JAG
Top 20
EUROPE’S EV GIGAFACTORY CAPACITY PIPELINE GROWS 6-FOLD TO 789.2GWH TO 2030; BERLIN SUMMIT TO DISSECT BATTERY MEGATREND
7th March 2022 BatteriesEurope has become the fastest growing region for new electric vehicle (EV) lithium ion battery capacity outside of China.
As the energy storage revolution and demand for lithium ion battery cells continues to rocket, plans for gigafactories – super-sized battery plants that are an order of magnitude bigger than their predecessors – are being developed in parallel.
Just three and a half years ago, Benchmark’s Lithium ion Battery Gigafactory Assessment (September 2018) reported Europe’s battery cell capacity to be at 120GWh by 2030 – enough cells for 2.2m EVs.
Now this planned annual capacity figure stands at 789.2GWh in 2030, more than a 6-fold increase and enough to produce almost 15 million pure EVs as this global battery arms race takes hold in Europe.
But the question remains how much of this capacity will come onstream and in what quality?
Benchmark Mineral Intelligence puts this subject under the microscope at its first in person event since the pandemic began: Battery Megafactories Europe 2022, 22-23 March, Berlin, Germany.
Our guest of honour is former Tesla Senior Director – Battery Technology, Kurt Kelty and now VP Commercialisation at Sila Nanotechnology.
Mr Kelty is a true pioneer, responsible for building the original supply chains for the first ever super sized battery plant, the Tesla Gigafactory 1 in Nevada, USA.
Industry Speakers include: SVolt, Envision AESC, InnoENERGY, Northvolt, Umicore, Livent, Britishvolt, and ElevenES (LFP).
Each event session is underpinned by Benchmark Mineral Intelligence keynote analysis for each link in the EV battery supply chain.
- Simon Moores (CEO) – Building a lithium ion economy in Europe
- NCM v LFP: Competing or complementary – Andrew Miller (COO)
- Rise of the battery gigafactories in Europe / Caspar Rawles (CDO), Hanisha Tirumalasetty (Analyst Battery Cells)
- The great raw material disconnect – Daisy Jennings-Gray (Senior Analyst)
- Unpacking ESG for the lithium ion battery supply chain – Charlotte Selvey-Miller (Head of ESG)
- Expert chair – Henry Sanderson (Executive Editor and formerly of the Financial Times)
To speak and sponsor, contact our Director of Events, Ben Ash at bash@benchmarkminerals.com.
RISE OF THE BATTERY GIGAFACTORIES IN EUROPE: 2022 V 2030
By end-2022, Europe is set to have 7 active lithium ion battery producers of which the top five by capacity (and gigafactory location) are:- LG Chem (Poland): 32GWh
- Samsung SDI (Hungary): 20GWh
- Northvolt (Sweden): 16GWh
- SK Innovation (Hungary): 7.5GWh
- Envision AESC (UK): 1.9GWh
Benchmark’s Tier One producers of Automotive-grade lithium ion battery cells, as of our February 2022 assessment, are (HQ): Panasonic (Japan); Samsung SDI and SK Innovation (South Korea); Envision AESC, CATL, and BYD (China).
BENCHMARK’S TIERS OF AUTOMOTIVE LITHIUM ION BATTERY PRODUCER
Understand the Benchmark Methodology for our Tier System for Automotive-grade Lithium ion Battery Cells here.
By 2030, this top five landscape will be reshaped as Benchmark’s Gigafactory Assessment (February 2022) shows Europe to be on track for 27 gigafactories from 18 battery cell producers.
A more recent trend with Europe’s lithium ion battery build out is the emergence of auto majors as pseudo-battery producers seeking to secure cell supply through joint-venture plants.
In 2030, of the 17 gigafactories with a minimum annual capacity of 1 GWh in Europe, 8 of these plants are through automotive partnerships such as VW Group, Stellantis (the company created from the Fiat Chrysler Automobiles and the French PSA Group merger), Nissan, Volvo and Renault.
Of most significance is Tesla’s Berlin Gigafactory which is expected to officially commission commercial cell production in 2023 but reach a capacity of 75 GWh by 2026 and be operating at 125 GWh by 2030.
As a result, Giga-Berlin is on course to be Europe’s largest gigafactory by some way and the world’s second largest lithium ion battery plant behind its counterpart in Austin,Texas.
An expanded Northvolt is forecasted to be the region’s second second largest producer with 92 GWh of capacity through plans in Skellefteå, Sweden and a new joint-operation with Volvo, in Gothenburg, Sweden.
CATL, Erfurt will be third largest battery producer in Europe with 80 GWh by 2030
LG Energy Solutions (formerly LG Chem) is expected to be fourth with 67 GWh from Poland with no new gigafactory locations yet announced from the traditionally more conservative South Korean producer.
Meanwhile, ACC (Total/Stellantis) is expected to be operating three plants in France, Germany and Italy with a combined capacity of 64 GWh by 2030 with Verkor’s new Dunkirk-based Gigafactory to be at 50 GWh as the sixth largest producer.
By 2030, Benchmark anticipates Europe’s top five battery makers by capacity to be:
- Tesla (Germany): 125GWh
- Northvolt (Sweden x 2): 92 GW
- CATL (Germany): 80 GWh
- LGES(Poland): 67 GWh
- ACC (Total/Stellantis) (Germany, France, Italy): 64 GWh
This is a more than 6-fold increase on what we expect for 2022, yet for comparison China is growing by 220% in the same period, while the USA is forecast to grow its battery capacity by 575%.
Is critical to note this data is Benchmark’s assessment in February 2022 yet the data is continually evolving. This is why Benchmark created its Gigafactory Assessment from scratch, to create world class data sets that the biggest decisions of the energy storage revolution rely upon.
To keep up to date with one of the most fast paced industries in the world, subscribe to Benchmark’s Gigafactory Assessment here.
BATTERY CAPACITY DOES NOT NECESSARILY EQUAL EV-READY SUPPLY
It is crucial to note however that capacity does not necessarily equal reliable supply for the EV industry.There are a number of bottlenecks in building and operating these super-sized battery plants that can take five-years to build and fully ramp up.
A number of topics under discussion at Battery Megafactories Europe 2022, 22-23 March in Berlin are:
- Timelines to building and scaling Gigafactories and how does this align up with EV production plans
- EV Quality and quantity of battery cell production – understanding Benchmark’s Automotive Battery Tiering System
- Building corresponding cathode and anode capacity
- The great raw material disconnect: battery-ready supply of lithium, cobalt, nickel, graphite and manganese to feed Europe’s supply chain
- Building sustainable supply chains: ESG, battery recycling and transparency
TheCount
Regular
ML = April 12th maybe?Thanks so much for that Cruiser
The detail is really appreciated
The only question mark seems to be the price.......and that is a not a small question mark
Aaaahh....the million dollar question
Oh...and weirdly Cominiere was created on my birthday April 12 and even more weirdly........ on my wife's birthday as well!!!!
Go Figure...
Go AVZ
C'MON!!!
TC.
Winenut
Go AVZ!
Definitely!!!!!...it's possible....maybe
Winenut
Go AVZ!
Great find JagEUROPE’S EV GIGAFACTORY CAPACITY PIPELINE GROWS 6-FOLD TO 789.2GWH TO 2030; BERLIN SUMMIT TO DISSECT BATTERY MEGATREND
7th March 2022 Batteries
Europe has become the fastest growing region for new electric vehicle (EV) lithium ion battery capacity outside of China.
As the energy storage revolution and demand for lithium ion battery cells continues to rocket, plans for gigafactories – super-sized battery plants that are an order of magnitude bigger than their predecessors – are being developed in parallel.
Just three and a half years ago, Benchmark’s Lithium ion Battery Gigafactory Assessment (September 2018) reported Europe’s battery cell capacity to be at 120GWh by 2030 – enough cells for 2.2m EVs.
Now this planned annual capacity figure stands at 789.2GWh in 2030, more than a 6-fold increase and enough to produce almost 15 million pure EVs as this global battery arms race takes hold in Europe.
But the question remains how much of this capacity will come onstream and in what quality?
Benchmark Mineral Intelligence puts this subject under the microscope at its first in person event since the pandemic began: Battery Megafactories Europe 2022, 22-23 March, Berlin, Germany.
Our guest of honour is former Tesla Senior Director – Battery Technology, Kurt Kelty and now VP Commercialisation at Sila Nanotechnology.
Mr Kelty is a true pioneer, responsible for building the original supply chains for the first ever super sized battery plant, the Tesla Gigafactory 1 in Nevada, USA.
Industry Speakers include: SVolt, Envision AESC, InnoENERGY, Northvolt, Umicore, Livent, Britishvolt, and ElevenES (LFP).
Each event session is underpinned by Benchmark Mineral Intelligence keynote analysis for each link in the EV battery supply chain.
Join us here.
- Simon Moores (CEO) – Building a lithium ion economy in Europe
- NCM v LFP: Competing or complementary – Andrew Miller (COO)
- Rise of the battery gigafactories in Europe / Caspar Rawles (CDO), Hanisha Tirumalasetty (Analyst Battery Cells)
- The great raw material disconnect – Daisy Jennings-Gray (Senior Analyst)
- Unpacking ESG for the lithium ion battery supply chain – Charlotte Selvey-Miller (Head of ESG)
- Expert chair – Henry Sanderson (Executive Editor and formerly of the Financial Times)
To speak and sponsor, contact our Director of Events, Ben Ash at bash@benchmarkminerals.com.
RISE OF THE BATTERY GIGAFACTORIES IN EUROPE: 2022 V 2030
By end-2022, Europe is set to have 7 active lithium ion battery producers of which the top five by capacity (and gigafactory location) are:
In terms of quality, Europe has 4 of the world’s 7 tier one lithium ion battery makers and once Northvolt’s gigafactory in Sweden is active Benchmark anticipates this will also become a tier one producer.
- LG Chem (Poland): 32GWh
- Samsung SDI (Hungary): 20GWh
- Northvolt (Sweden): 16GWh
- SK Innovation (Hungary): 7.5GWh
- Envision AESC (UK): 1.9GWh
Benchmark’s Tier One producers of Automotive-grade lithium ion battery cells, as of our February 2022 assessment, are (HQ): Panasonic (Japan); Samsung SDI and SK Innovation (South Korea); Envision AESC, CATL, and BYD (China).
BENCHMARK’S TIERS OF AUTOMOTIVE LITHIUM ION BATTERY PRODUCER
Understand the Benchmark Methodology for our Tier System for Automotive-grade Lithium ion Battery Cells here.
By 2030, this top five landscape will be reshaped as Benchmark’s Gigafactory Assessment (February 2022) shows Europe to be on track for 27 gigafactories from 18 battery cell producers.
A more recent trend with Europe’s lithium ion battery build out is the emergence of auto majors as pseudo-battery producers seeking to secure cell supply through joint-venture plants.
In 2030, of the 17 gigafactories with a minimum annual capacity of 1 GWh in Europe, 8 of these plants are through automotive partnerships such as VW Group, Stellantis (the company created from the Fiat Chrysler Automobiles and the French PSA Group merger), Nissan, Volvo and Renault.
Of most significance is Tesla’s Berlin Gigafactory which is expected to officially commission commercial cell production in 2023 but reach a capacity of 75 GWh by 2026 and be operating at 125 GWh by 2030.
As a result, Giga-Berlin is on course to be Europe’s largest gigafactory by some way and the world’s second largest lithium ion battery plant behind its counterpart in Austin,Texas.
An expanded Northvolt is forecasted to be the region’s second second largest producer with 92 GWh of capacity through plans in Skellefteå, Sweden and a new joint-operation with Volvo, in Gothenburg, Sweden.
CATL, Erfurt will be third largest battery producer in Europe with 80 GWh by 2030
LG Energy Solutions (formerly LG Chem) is expected to be fourth with 67 GWh from Poland with no new gigafactory locations yet announced from the traditionally more conservative South Korean producer.
Meanwhile, ACC (Total/Stellantis) is expected to be operating three plants in France, Germany and Italy with a combined capacity of 64 GWh by 2030 with Verkor’s new Dunkirk-based Gigafactory to be at 50 GWh as the sixth largest producer.
By 2030, Benchmark anticipates Europe’s top five battery makers by capacity to be:
Overall, Benchmark is forecasting Europe to have a capacity of 789.2GWh by 2030, little over 14% of the global total of 5,454GWh.
- Tesla (Germany): 125GWh
- Northvolt (Sweden x 2): 92 GW
- CATL (Germany): 80 GWh
- LGES(Poland): 67 GWh
- ACC (Total/Stellantis) (Germany, France, Italy): 64 GWh
This is a more than 6-fold increase on what we expect for 2022, yet for comparison China is growing by 220% in the same period, while the USA is forecast to grow its battery capacity by 575%.
Is critical to note this data is Benchmark’s assessment in February 2022 yet the data is continually evolving. This is why Benchmark created its Gigafactory Assessment from scratch, to create world class data sets that the biggest decisions of the energy storage revolution rely upon.
To keep up to date with one of the most fast paced industries in the world, subscribe to Benchmark’s Gigafactory Assessment here.
BATTERY CAPACITY DOES NOT NECESSARILY EQUAL EV-READY SUPPLY
It is crucial to note however that capacity does not necessarily equal reliable supply for the EV industry.
There are a number of bottlenecks in building and operating these super-sized battery plants that can take five-years to build and fully ramp up.
A number of topics under discussion at Battery Megafactories Europe 2022, 22-23 March in Berlin are:
- Timelines to building and scaling Gigafactories and how does this align up with EV production plans
- EV Quality and quantity of battery cell production – understanding Benchmark’s Automotive Battery Tiering System
- Building corresponding cathode and anode capacity
- The great raw material disconnect: battery-ready supply of lithium, cobalt, nickel, graphite and manganese to feed Europe’s supply chain
- Building sustainable supply chains: ESG, battery recycling and transparency
Thanks for posting
Seems like it's possible to register and hook in as well which would be brilliant
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TheCount
Regular
Some would say . . . . . . . . . . . . . ."imminent" even?Definitely!!!!!...it's possible....maybe
TC.
Frank
Top 20
Ya gotta wonder WTF
When, The Australian sharemarket closed higher on Monday, recovering its losses from Friday and hitting its highest level in more than a week.
The S&P/ASX 200 Index rose 85.8 points, or 1.2 per cent, to 7149.4.
While good Ol' AVZ ends the Day Down @ -4% ffs give me a break
What's the Bet the Market will be down tomorrow and guess what else will be
View attachment 2557
Ya gotta wonder WTF !!!
What's the Bet the Market will be down tomorrow and guess what else
Looking at my Watch List reminds me of a Red Russian atm
Damn you Putin you piece of
Winenut
Go AVZ!
What is the end game for those dudes?Fyi, Just to add insult to injury, This BS isn't helping the situation either atm
View attachment 2577
View attachment 2578
Is it just borrow the shares, suppress the price and buy in lower until you've used all your borrowed shares?
Is it just to make the margin?
Winenut
Go AVZ!
Seem to be getting a bit of a double whammy on the stocks today
AVZ getting hammered with the shorting prior to the rebalance at the end of the week and mining stocks across the board suffering some pretty big falls with many of them off at least 5%
Right now I'm telling ya'........red ain't my favourite colour!!
AVZ getting hammered with the shorting prior to the rebalance at the end of the week and mining stocks across the board suffering some pretty big falls with many of them off at least 5%
Right now I'm telling ya'........red ain't my favourite colour!!
Ya gotta wonder WTF
When, The Australian sharemarket closed higher on Monday, recovering its losses from Friday and hitting its highest level in more than a week.
The S&P/ASX 200 Index rose 85.8 points, or 1.2 per cent, to 7149.4.
While good Ol' AVZ ends the Day Down @ -4% ffs give me a break
What's the Bet the Market will be down tomorrow and guess what else will be
View attachment 2557
Banks only sector in the green! Not sure if this has been posted? Yanks are a bit alarmed they won't have enough of the good stuff.
Senators Urge Biden to Invoke Defense Act for Battery Materials
(Bloomberg) -- U.S. Senators sent a bipartisan letter to the Biden administration Friday afternoon asking the president to invoke the Defense Production Act to accelerate production of battery materials that are needed to power electric vehicles.Most Read from BloombergUkraine Update: Russia...
Frank
Top 20
Yanks are a bit alarmed they won't have enough of the good stuff.
U.S. Energy Secretary Jennifer Granholm and other officials speaking at this week’s CERAWeek energy conference in Houston said the need to domestically produce more metals is rising as EVs go mainstream, but that new mines must not harm the environment.
Granholm told conference attendees she would work to streamline permitting for new sources of EV minerals, eliciting loud applause.
“It takes forever to get a new permit. How crazy is that?” said Granholm.
Granholm’s department has already received applications for $2 billion in loans to fund U.S. strategic minerals projects from Lithium Americas Corp, ioneer, Piedmont Lithium Inc and others.
The department is also proactively contacting junior miners to discuss potential loans.
“The goal here is to make sure that people know that it’s not a lack of capital that’s holding back the development of these assets in the United States,” said Jigar Shah, head of the Energy Department’s Loan Programs Office. “
While the loan office is reviewing loan applications from some lithium projects that have faced opposition, funds will not be distributed to proposed mines that have not passed full regulatory review.
“We know that there will be some domestic mining,” U.S. Environmental Protection Agency Michael Regan said on the sidelines of the conference.
“But it can’t take place in the ways that it has in the past, which skirted some of the environmental laws and disproportionately impact communities of color and tribal communities.”
To be sure, President Joe Biden’s administration is not moving carte blanche to approve all mines.
Last month, for instance, it effectively killed Antofagasta Plc’s Twin Metals copper project in Minnesota due to concerns the mine would harm an important watershed.
But mining executives said comments from Regan, Granholm and others show the White House is beginning to view mining with a more-nuanced lens and understand its role in a clean energy transition.
www.mining.com/category/battery-metals/
*To add and remind,
Global demand for lithium, as well as prices for the metal used in lithium-ion batteries for electric vehicles (EVs) continues to grow.
The EV industry will dominate demand for lithium in the coming years, accounting for almost three quarters of the battery metal’s consumption by 2030, up from 41% in 2020.
Chile, which has one of the world’s largest lithium reserves and hosts the two biggest producers, sees lithium hydroxide taking the lead with about 56% of the total consumption versus 44% for carbonate by the end of the decade. This switch can be mainly explained by manufacturers’ growing preference for nickel-intensive cathodes, which tend to favour the use of hydroxide over carbonate, Chilean copper agency Cochilco said in a January report.
Demand associated with cell phones, computers and tablets and other consumer goods would reach 411,000 tonnes in 2030, compared with the 79,000 tonnes expected for this year.
The world’s second largest miner, Rio Tinto, which saw its lithium plans in Serbia crushed this year, sees EV sales accounting for up to 55% of the world’s total light vehicles sales as early as 2030, with about 65 million units.
This means manufacturers would need about three million tonnes of lithium, compared with the roughly 350,000 tonnes they consume today.
Existing operations and projects combined, however, are slated to contribute one million tonnes of lithium, Rio Tinto has warned.
A recent report by the International Energy Agency recommended governments start stockpiling battery metals, noting that lithium demand could increase 40-fold over the next 20 years.
IEA executive director Fatih Birol said this would become an “energy security” issue.
China dominates lithium processing, while mine supply largely comes from Chile and Australia.
www.mining.com/category/battery-metals/
*So who ya gonna call when your backs against the "Great EV Wall" Joe, C'mon, you know you want it / need it, now call your DRC Bro
As EV demand rises, Biden officials warm to new mines
U.S. regulators are warming to approving new domestic sources of electric vehicle battery metals, as Washington bids to avoid a reliance on strategic minerals imports similar to that on crude oil.
U.S. Energy Secretary Jennifer Granholm and other officials speaking at this week’s CERAWeek energy conference in Houston said the need to domestically produce more metals is rising as EVs go mainstream, but that new mines must not harm the environment.
Granholm told conference attendees she would work to streamline permitting for new sources of EV minerals, eliciting loud applause.
“It takes forever to get a new permit. How crazy is that?” said Granholm.
Granholm’s department has already received applications for $2 billion in loans to fund U.S. strategic minerals projects from Lithium Americas Corp, ioneer, Piedmont Lithium Inc and others.
The department is also proactively contacting junior miners to discuss potential loans.
“The goal here is to make sure that people know that it’s not a lack of capital that’s holding back the development of these assets in the United States,” said Jigar Shah, head of the Energy Department’s Loan Programs Office. “
While the loan office is reviewing loan applications from some lithium projects that have faced opposition, funds will not be distributed to proposed mines that have not passed full regulatory review.
“We know that there will be some domestic mining,” U.S. Environmental Protection Agency Michael Regan said on the sidelines of the conference.
“But it can’t take place in the ways that it has in the past, which skirted some of the environmental laws and disproportionately impact communities of color and tribal communities.”
To be sure, President Joe Biden’s administration is not moving carte blanche to approve all mines.
Last month, for instance, it effectively killed Antofagasta Plc’s Twin Metals copper project in Minnesota due to concerns the mine would harm an important watershed.
But mining executives said comments from Regan, Granholm and others show the White House is beginning to view mining with a more-nuanced lens and understand its role in a clean energy transition.
www.mining.com/category/battery-metals/
*To add and remind,
Supply shortage
Global demand for lithium, as well as prices for the metal used in lithium-ion batteries for electric vehicles (EVs) continues to grow.
The EV industry will dominate demand for lithium in the coming years, accounting for almost three quarters of the battery metal’s consumption by 2030, up from 41% in 2020.
Chile, which has one of the world’s largest lithium reserves and hosts the two biggest producers, sees lithium hydroxide taking the lead with about 56% of the total consumption versus 44% for carbonate by the end of the decade. This switch can be mainly explained by manufacturers’ growing preference for nickel-intensive cathodes, which tend to favour the use of hydroxide over carbonate, Chilean copper agency Cochilco said in a January report.
Demand associated with cell phones, computers and tablets and other consumer goods would reach 411,000 tonnes in 2030, compared with the 79,000 tonnes expected for this year.
The world’s second largest miner, Rio Tinto, which saw its lithium plans in Serbia crushed this year, sees EV sales accounting for up to 55% of the world’s total light vehicles sales as early as 2030, with about 65 million units.
This means manufacturers would need about three million tonnes of lithium, compared with the roughly 350,000 tonnes they consume today.
Existing operations and projects combined, however, are slated to contribute one million tonnes of lithium, Rio Tinto has warned.
A recent report by the International Energy Agency recommended governments start stockpiling battery metals, noting that lithium demand could increase 40-fold over the next 20 years.
IEA executive director Fatih Birol said this would become an “energy security” issue.
China dominates lithium processing, while mine supply largely comes from Chile and Australia.
www.mining.com/category/battery-metals/
*So who ya gonna call when your backs against the "Great EV Wall" Joe, C'mon, you know you want it / need it, now call your DRC Bro
JAG
Top 20
Nice one Frank.....Yanks are a bit alarmed they won't have enough of the good stuff.
As EV demand rises, Biden officials warm to new mines
U.S. regulators are warming to approving new domestic sources of electric vehicle battery metals, as Washington bids to avoid a reliance on strategic minerals imports similar to that on crude oil.
U.S. Energy Secretary Jennifer Granholm and other officials speaking at this week’s CERAWeek energy conference in Houston said the need to domestically produce more metals is rising as EVs go mainstream, but that new mines must not harm the environment.
Granholm told conference attendees she would work to streamline permitting for new sources of EV minerals, eliciting loud applause.
“It takes forever to get a new permit. How crazy is that?” said Granholm.
Granholm’s department has already received applications for $2 billion in loans to fund U.S. strategic minerals projects from Lithium Americas Corp, ioneer, Piedmont Lithium Inc and others.
The department is also proactively contacting junior miners to discuss potential loans.
“The goal here is to make sure that people know that it’s not a lack of capital that’s holding back the development of these assets in the United States,” said Jigar Shah, head of the Energy Department’s Loan Programs Office. “
While the loan office is reviewing loan applications from some lithium projects that have faced opposition, funds will not be distributed to proposed mines that have not passed full regulatory review.
“We know that there will be some domestic mining,” U.S. Environmental Protection Agency Michael Regan said on the sidelines of the conference.
“But it can’t take place in the ways that it has in the past, which skirted some of the environmental laws and disproportionately impact communities of color and tribal communities.”
To be sure, President Joe Biden’s administration is not moving carte blanche to approve all mines.
Last month, for instance, it effectively killed Antofagasta Plc’s Twin Metals copper project in Minnesota due to concerns the mine would harm an important watershed.
But mining executives said comments from Regan, Granholm and others show the White House is beginning to view mining with a more-nuanced lens and understand its role in a clean energy transition.
www.mining.com/category/battery-metals/
View attachment 2588
*To add and remind,
Supply shortage
Global demand for lithium, as well as prices for the metal used in lithium-ion batteries for electric vehicles (EVs) continues to grow.
The EV industry will dominate demand for lithium in the coming years, accounting for almost three quarters of the battery metal’s consumption by 2030, up from 41% in 2020.
Chile, which has one of the world’s largest lithium reserves and hosts the two biggest producers, sees lithium hydroxide taking the lead with about 56% of the total consumption versus 44% for carbonate by the end of the decade. This switch can be mainly explained by manufacturers’ growing preference for nickel-intensive cathodes, which tend to favour the use of hydroxide over carbonate, Chilean copper agency Cochilco said in a January report.
Demand associated with cell phones, computers and tablets and other consumer goods would reach 411,000 tonnes in 2030, compared with the 79,000 tonnes expected for this year.
The world’s second largest miner, Rio Tinto, which saw its lithium plans in Serbia crushed this year, sees EV sales accounting for up to 55% of the world’s total light vehicles sales as early as 2030, with about 65 million units.
This means manufacturers would need about three million tonnes of lithium, compared with the roughly 350,000 tonnes they consume today.
Existing operations and projects combined, however, are slated to contribute one million tonnes of lithium, Rio Tinto has warned.
A recent report by the International Energy Agency recommended governments start stockpiling battery metals, noting that lithium demand could increase 40-fold over the next 20 years.
IEA executive director Fatih Birol said this would become an “energy security” issue.
China dominates lithium processing, while mine supply largely comes from Chile and Australia.
www.mining.com/category/battery-metals/
*So who ya gonna call when your backs against the "Great EV Wall" Joe, C'mon, you know you want it / need it, now call your DRC Bro
View attachment 2587
Well, Red across the board so to take my mind off things......friggin shorts!!!!
Spot on TC ah ha ha I'll chose 13th as this date is obviously taken
Winenut
Go AVZ!
After a stellar night for the DOW itself the DOW Futures have now turned red again
Don't know how all that is going to play out
Getting closer to that closing auction on Friday
NF still in the DRC (so I am led to believe)
Felix hopefully back in the DRC before Friday
A very interesting close out to the week coming up for sure
Hang tight everyone
Feel the tension?.......whatta ride!
Cheers
Nut
Don't know how all that is going to play out
Getting closer to that closing auction on Friday
NF still in the DRC (so I am led to believe)
Felix hopefully back in the DRC before Friday
A very interesting close out to the week coming up for sure
Hang tight everyone
Feel the tension?.......whatta ride!
Cheers
Nut
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