Lithium-Ion Battery Demand To Jump Seven Times This Decade ...Middle East

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Lithium-Ion Battery Demand To Jump Seven Times This Decade
source : OILPRICE ( Middle East ) () 26
Increased adoption of electric vehicles (EVs) will lead to higher demand for metals used in batteries and to lithium-ion battery demand jumping seven times this decade, research provider BloombergNEF said in a new report this week. Demand for Li-ion batteries is set to exceed 2.8 terawatt-hours (TWh) annually by the end of this decade, which, according to Bloomberg estimates, is the equivalent of the annual production volumes of 80 Tesla gigafactories. Copper and aluminum will lead the surge in demand for battery metals by 2030, BloombergNEF (BNEF)…

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