China will continue to be the major supplier of battery-grade raw materials over 2030, even though global supply of these materials will be increasingly diversified. Possible supply shortages will remain.
It is estimated that by 2040 recycling could contribute to up to 51% and 42% of Cobalt and Nickel EU demand, respectively. Demand 1 for battery raw materials is expected to increase dramatically over 2040 (Figure 1), following the exponential growth of electric vehicles (EV) and, to a minor degree, energy storage system (ESS) applications.
The global demand for raw materials for batteries such as nickel, graphite and lithium is projected to increase in 2040 by 20, 19 and 14 times, respectively, compared to 2020. China will continue to be the major supplier of battery-grade raw materials over 2030, even though global supply of these materials will be increasingly diversified.
However, it is likely that the EU will be import reliant to various degrees for primary and processed (batt-grade) materials. Australia and Canada are the two countries with the greatest potential to provide additional and low-risk supply to the EU for almost all battery raw materials.
The global market for Lithium-ion batteries is expanding rapidly. We take a closer look at new value chain solutions that can help meet the growing demand.
Stagnant metal prices throughout 2024 will help reduce battery costs, thereby improving vehicle margins (or affordability if savings are passed on to consumers). However, the unexpected decline in lithium, cobalt, and other EV battery metal prices is impacting mining firms, prompting the suspension or delay of new projects.
This special report by the International Energy Agency that examines EV battery supply chains from raw materials all the way to the finished product, spanning different …
The global demand for raw materials for batteries such as nickel, graphite and lithium is projected to increase in 2040 by 20, 19 and 14 times, respectively, compared to 2020. China will …
1 · Berlin, 16 December – The transition to electric vehicles (EVs) is driving a surge in demand for batteries and the materials required to produce them. A new study from the …
The critical materials used in manufacturing batteries for electric vehicles (EV) and energy storage systems (ESS) play a vital role in our move towards a zero-carbon future.. Fastmarkets'' battery raw materials suite brings together the …
1 · Berlin, 16 December – The transition to electric vehicles (EVs) is driving a surge in …
Despite the sometimes cumbersome decision-making processes at OEMs, alignment of cost and risk reduction can move quickly. With the recent graphite shortfall of the battery industry, supply chain localization …
Batteries are key for electrification –EV battery pack cost ca. 130 USD/kWh, depending on technology/design, location, and material prices [Jul 2021 figures] Cost breakdown of pack …
This special report by the International Energy Agency that examines EV battery supply chains from raw materials all the way to the finished product, spanning different segments of manufacturing steps: materials, …
The metals and mining sector will supply the high quality raw materials needed to transition to greener energy sources, including batteries. If companies can provide sustainable materials—those with a low CO 2 …
•Reflecting traded raw material prices incl. price discount assumptions for high volumes without price fluctuations without VAT •Sourcing all materials from China •36 GWh yearly production …
EV raw materials prices and battery cost dynamics. Stagnant metal prices in 2024 are likely to bolster vehicle margins, but the unexpected decline threatens mining …
Also, they can have cash subsidies to continue to reduce the cost of new raw materials and thus increase their sales volume. In this way, battery manufacturers can use …
At least 70% of investments from the EBA Materials Fund will be dedicated to projects increasing EU domestic production from mining, processing, refining and recycling in …
Expect new battery chemistries for electric vehicles and a manufacturing boost thanks to government funding this year. ... concerns about supplies of key battery materials …
The metals and mining sector will supply the high quality raw materials needed to transition to greener energy sources, including batteries. If companies can provide …
Compared with China''s new energy vehicle sales in 2018, the market share of new energy vehicles is still not large enough. ... China''s dominance of the raw materials supply chain …
Electric car sales powered through 2021 and have remained strong so far in 2022, but ensuring future growth will demand greater efforts to diversify battery manufacturing …
Understanding constraints within the raw battery material supply chain is essential for making informed decisions that will ensure the battery industry''s future success. …
Despite the sometimes cumbersome decision-making processes at OEMs, alignment of cost and risk reduction can move quickly. With the recent graphite shortfall of the …
Geopolitical turbulence and the fragile and volatile nature of the critical raw-material supply chain could curtail planned expansion in battery production—slowing …
China''s vehicle electrification impacts on sales, fuel use, and battery material demand through 2050: Optimizing consumer and industry decisions ... and battery raw …
The global battery raw materials (BRM) market faces challenges and opportunities for growth in 2025, with major factors including supply and demand dynamics, …
Geopolitical turbulence and the fragile and volatile nature of the critical raw …
Securing raw material and machinery supply. Companies could explore long-term agreements, and co-funding, acquisition, and streaming arrangements with raw material and equipment machinery companies to …
The global battery raw materials (BRM) market faces challenges and opportunities for growth in 2025, with major factors including supply and demand dynamics, …
energy security the world is undergoing a fundamental transition towards a low carbon future. Changes in the ... The UK has ambitious plans to abolish the sale of new ICE light vehicles by …