Post by Seppi2019on Sep 20, 2022 5:05am
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projected sixfold surge in demand for lithium-ion batteries over the next decade means up to 384 additional graphite, lithium, nickel and cobalt mines may be needed by 2035 to supply all those new EVs, industry forecaster Benchmark Minerals said in a report. Even a big increase in battery recycling, as planned by companies including Redwood Materials and Li-Cycle, would only cut the number of new mines to 336, according to Benchmark.
“We’re heading toward an extreme cliff that, unfortunately, our industry needed to invest $100 billion five years ago to avoid,
https://www.forbes.com/sites/alanohnsman/2022/09/19/dig-this-the-shift-to-evs-requires-a-massive-expansion-of-battery-metal-mining/?utm_campaign=forbes&utm_source=twitter&utm_medium=social&utm_term=Gordie&sh=5532a9b32963