EV metals demand is being driven by surging EV demand in 2021, especially in China (15.0% electric car share in June) and Europe (19% electric car share in June)
The International Energy Agency 2021 forecasts for clean energy metals demand 2020-2040
Just recently in June 2021, The International Energy Agency ("IEA") has confirmed my long held forecasts, leaving many people stunned at their magnitude.
As shown in the table below the IEA forecasts from 2020 to 2040, lithium demand to increase a staggering 13x to 42x, graphite 8x to 25x, cobalt 6x to 21x, nickel 7x to 19x, manganese 3x to 8x, rare earths 3x to 7x, and copper 2x to 3x.
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