Data from Benchmark’s Lithium ion Battery Database shows battery demand in Europe – the second biggest market behind China — is set to increase at an annualised rate of 40.1 per cent between 2020 and 2025.
The early resurgence in lithium prices in particular has caught many by surprise. (no surprise for HC LTR investors)
Major producer Albemarle reckons demand is about to go through the proverbial roof:
(For article graphs not shown, *head over to Stock*tail website and search for title above)Mammoth commodities producer Glencore also put some bold numbers on the volumes of battery metals needed to supply the world as it moves away from fossil fuels.
By 2050, copper demand will double, while cobalt and nickel will grow 300 per cent,
Lithium Related Media Articles, page-6183
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