Global battery demand is expected to quadruple to 4,100 gigawatt-hours (GWh) between 2023 and 2030, according to a new report by Bain & Company.According to the report, lithium-ion batteries will remain dominant for the foreseeable future. The report highlights that nickel manganese cobalt (NMC) and lithium-iron phosphate (LFP) will be the dominant cathode chemistries. LFP and NMC chemistries together currently make up more than 90% of lithium-ion battery sales for EVs. QUOTE COB is in the right timeframe in the demand cycle to build the nickel/cobalt refinery IMO
