EV Batteries, page-39

A few simple facts for you, go back to your books and do some research

• • Lithium demand will lift ~1100% from ~400,000 to 4.4 million tonnes
  • Natural graphite demand grows by 700%
  • Demand for nickel grows from ~2.6mtpa to 5.8mtpa
  • Rare earths neodymium (Nd) and praseodymium (Pr) face “a step change” in demand from ~30ktpa towards ~100ktpa
  • Cobalt demand to expand over the next decade from around 120ktpa to over 400ktpa
  • And by 2030, copper consumption in EVs — which averages 90kg vs 20kg in ICE vehicles — will represent 4.4mt of copper demand or around 13% of the total

By 2030. That’s only nine years away, folks – about the time your kid’s going to be whining about property prices and how they’ll “never be able to save a deposit”.
Here’s how to reduce the odds of them mooning around your house until they’re 30, by laying down a sweet battery metals nest egg.
Where’s it all coming from?

Nine years is about the amount of time it takes to bring a new mine into production.
And there are nowhere near the number of battery metals projects in the pipeline to cater to that sort of demand – regardless of the battery chemistry.

For example, VW’s 2030 ambition to reach 240GWh within Europe alone poses “seismic challenges” for the company’s ability to procure adequate volumes of raw materials in forms suitable for use in batteries, Roskill says.

Especially when the greens demand that mining should be closed down and with no diesel they will shut

https://unauthorised investment adv...e-nickel-and-copper-could-make-your-kid-rich/