-
1
- #1
GregLocock
Automotive
- Apr 10, 2001
- 23,764
Many first world countries claiming they will meet 0% CO2 via renewables are relying on replacing fossil fueled cars with EVs, and also using lithium batteries to provide short term storage for the grid.
S&P Global says that even if every lithium project around the world was to come online by 2030 there is still going to be a 220,000t gap minimum in demand in 2030.
In fact, they said it could be as a high as a 2 million tonne gap.
For the cobalt market, a long-term deficit will emerge from 2024.
There are not enough minerals, like lithium, cobalt and nickel, in the currently reported global reserves to build even one generation of batteries for all EVs and stationary power storage.
I suspect that battery recycling will become a must have tech, which means there will be plenty of taxpayer money floating around to establish it.
Cheers
Greg Locock
New here? Try reading these, they might help FAQ731-376
S&P Global says that even if every lithium project around the world was to come online by 2030 there is still going to be a 220,000t gap minimum in demand in 2030.
In fact, they said it could be as a high as a 2 million tonne gap.
For the cobalt market, a long-term deficit will emerge from 2024.
There are not enough minerals, like lithium, cobalt and nickel, in the currently reported global reserves to build even one generation of batteries for all EVs and stationary power storage.
I suspect that battery recycling will become a must have tech, which means there will be plenty of taxpayer money floating around to establish it.
Cheers
Greg Locock
New here? Try reading these, they might help FAQ731-376