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17/09/17
19:27
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THE IMPLICATIONS
If global demand suddenly flipped in this fashion, here’s what would happen:
|
Material |
Demand increase |
Notes |
1 |
Lithium |
2,898% |
Needed in all lithium-ion batteries |
2 |
Cobalt |
1,928% |
Used in the Bolt's NMC cathode |
3 |
Rare Earths |
655% |
Bolt uses neodymium in permanent magnet motor |
4 |
Graphite |
524% |
Used in the anode of lithium-ion batteries |
5 |
Nickel |
105% |
Used in the Bolt's NMC cathode |
6 |
Copper |
22% |
Used in permanent magnet motor and wiring |
7 |
Manganese |
14% |
Used in the Bolt's NMC cathode |
8 |
Aluminum |
13% |
Used to reduce weight of vehicle |
9 |
Silicon |
0% |
Bolt uses 6-10x more semiconductors |
10 |
Steel |
-1% |
Uses 7% less steel, but fairly minimal impact on market |
11 |
PGMs |
-53% |
Catalytic converters not needed in EVs |
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