CHART: Study predicts over 400% increase in copper, lithium, nickel battery demand

BloombergNEF has upped its predictions for annual demand for lithium-ion batteries by more than a third from its previous forecast on the back of expectations for rapid growth in the passenger vehicle segment.

BNEF predicts annual demand for lithium-ion batteries will pass 2.7 terawatt-hours per year by 2030 – a 35% increase from the analytics company’s forecast made last year. Passenger vehicles will represent 72% of the overall market as sales race to 14 million by 2025 from just over 3 million last year.

READ FULL STORY: https://www.mining.com/chart-study-predicts-over-400-increase-in-copper-lithium-nickel-battery-demand/

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