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Battery raw materials demand soaring

Meeting forecast demand for lithium-ion batteries will require 10Mtpa of battery raw materials as EV demand is set to quadruple by 2033, Phoebe O'Hara, battery raw materials analyst at Fastmarkets told delegates at the 15th Lithium Supply and Battery Raw Materials conference in Henderson, Nevada, USA on Tuesday.

Paul Harris in Henderson, Nevada, USA
Fastmarkets' Phoebe O'Hara

Fastmarkets' Phoebe O'Hara

She said the challenge is to grow from 851GWh of battery demand in 2022 to 24TWh "to green the grid and then 140TWh to green the entire global fleet". O'Hara said the development of charging infrastructure...

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