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Raw material demand for xEV #batteries will increase dramatically after 2020 according to SNE Research analyst Beejay Kim during the Canada Mining Investment Seminar in #Seoul. Takeaway: #Cobalt - 8X & #Nickel 21X growth by 2025. Where will the supply come from for #EVs? #GEMC Cobalt demand: 2015: 4k tonnes 2016: 5.7k 2017: 11.4k 2018: 22k 2019: 35.6k tonnes 2020: 60.6k tonnes 2021: 85.1k tonnes 2022: 103k tonnes 2023: 118.7k 2024: 145.2k 2025: 174.8k tonnes
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