Demand for energy metals will increase significantly

Date：2017-12-06 03:47:38 Visit：1374

According to MiningWeekly, since the beginning of 2017, global electric vehicles have risen beyond all expectations, making the "energy metals" such as lithium, cobalt, nickel and graphite needed for power batteries facing rare investment opportunities.

This year, the global lithium-ion battery production hit a new high. Only this year's new production capacity reached 153GWh (153 million degrees), making the total capacity of 372GWh.

However, Simon Moores, founder and manager of London-based Mineral Intelligence Agency (BMI), said global demand for lithium-ion batteries will reach 750 GWh by 2025, of which 645 GWh for lithium-ion batteries for electric vehicles. Therefore, lithium-ion battery supply will also be in short supply. To meet the demand, the need to build a super battery factory, which is the basis for the development of new energy vehicles.

Murs has long been concerned with the "energy metal storm" until the price of key battery metals soared. He believes that the future development trend of lithium-ion batteries will be around the global lithium market, while China's demand will lead the world, its hard rock lithium mine construction will be effective within 1 to 3 years. In stark contrast, the western electric car manufacturing relatively late. The issue, he said, is whether more carmakers will be involved in the upstream mining industry following China Great Wall Motor Co.'s investment in Pilbara Minerals.