Bloomberg New Energy Finance estimates that it takes 1,731 tons of copper, 1,202 tons of aluminum and 729 tons of lithium to manufacture 1GWh Li-ion batteries.
In its June report, Bloomberg New Energy Finance says that supply of lithium is likely to remain tight through 2022 as demand from the battery sector builds. But unlike solar and wind, where key deficits are expected to be more ephemeral in nature, Bloomberg New Energy Finance says that lithium hydroxide, the chemical favored for premium Li-ion cells, could see shortages by 2027.
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