Over 300 new Li, Ni, cobalt & graphite mines will be needed from 2022 to 2035, to meet the expected EV & battery storage demand in 2035!"The data highlights the height of the raw material challenge facing global automakers as they look to scale up production of electric vehicles this decade. Demand for lithium ion batteries is set to grow six-fold by 2032, according to Benchmark.
Yet supplies of lithium, graphite, nickel and cobalt will need to keep pace with demand, especially post 2030".
https://www.benchmarkminerals.com/membership/more-than-300-new-mines-required-to-meet-battery-demand-by-2035/
Not Gunna Be Enough Lithium, page-590
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