More than 300 new mines will be necessary to meet battery de More than 300 new mines will be necessary to meet battery demands by 2035
https://www.benchmarkminerals.com/membership/more-than-300-new-mines-required-to-meet-battery-demand-by-2035/
“The data highlights the height of the raw material challenge facing global automakers as they look to scale up production of electric vehicles this decade. Demand for lithium ion batteries is set to grow six-fold by 2032, according to Benchmark.”
This is a great opportunity for Canadian exploration companies in the battery metal sector, still fairly new to the game but plenty of potential provided by ideal jurisdictions POR.v has commenced exploration at their Greenheart Lake & McNamara Lake Lithium projects. Definitely a unique opportunity if POR.v gets to the production stage.