Battery megafactories surge in Europe

Looking at what’s ahead, the firm expects Europe’s demand for graphite to increase 18.9 times from 2019 to 2029; demand will rise 18.9 times for lithium and 9.7 times for cobalt.“The growth ranges between 10 to 25 times roughly,” Rawles said.“This is well ahead of the global average of 10 to 15 times demand growth, meaning demand in Europe will outpace other global regions, in part due to large ongoing investment in battery production capacity in the block, and a lower starting base.”Whichever scenario ends up materializing, Europe and European automakers need to do more to secure raw materials for European cells, Rawles said. QUOTE
COB in a strong position to be a global cobalt supplier IMO.

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