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If car production switched to be 100% electric, then global...

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    If car production switched to be 100% electric, then global copper demand would increase from 20 million tonnes to perhaps 24 million tonnes/year or 20%. Lithium demand would need to increase from 100,000 tonnes to perhaps 700,000 tonnes/year or 600% increase. So from a automobile/ElonMusk point of view, lithium is the critical metal.

    However, for other aspects of electrification such as electric generation using wind & solar power, copper, zinc and silicon are more important.

    https://hotcopper.com.au/data/attachments/4992/4992045-544d7fda50852f7327726c51dbe8c883.jpg
    https://www.iea.org/reports/the-role-of-critical-minerals-in-clean-energy-transitions/executive-summary

    Last edited by SunderlandTech: 23/01/23
 
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