The market analyst’s prediction is based on its own Accelerated...

The market analyst’s prediction is based on its own Accelerated Energy Transition (AET) scenario, which sees global warming limited to 2.5 degrees Celsius and which presents the idea of the electric vehicle market requiring over 1 million tonnes LCE in 2025.SIGN UP FOR THE BATTERY METALS DIGESTSign UpSimilarly, the report states that the cobalt market would have to double by 2025. “To put this into perspective, to meet the incremental demand from EVs through 2030, an additional eight mines the size of Glencore’s Katanga would be required,” the document reads. “Wood Mackenzie’s AET brings electric vehicle (EV) uptake forward by ten years and sees EVs make up around 40% of passenger car sales by 2030. This considerably accelerates the demand for batteries and the raw materials that go into them.” QUOTE.
Exciting times ahead from 2021/2022 for cobalt IMO.

https://www.mining.com/eight-mines-the-size-of-glencores-katanga-needed-to-meet-battery-metals-demand-report/