Katanga Mining Ltd Ord KATFF

global battery capacity will increase by 550 percent by 2025

[Sogosohubidu201]

https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/canaccord-lithium-needs-long-term-demand/

According to Canaccord estimates, global battery capacity will increase by 550 percent by 2025 to about 700 gigawatt hours, growing at a compound rate of about 20 percent. That represents about 11 million Teslas or 26 billion iPhones.

By 2025, Canaccord expects lithium demand to increase to almost 1 million tonnes per year. Demand for other battery metals is also expected to rise, with cobalt demand surging by 168 percent, nickel demand by 64 percent and demand for batteries jumping by almost 1,000 percent.