Commodities Used in Electric Car Batteries: An Update on Lithium and Nickel
Resilinc
NOVEMBER 1, 2023
China has also invested in lithium production in other nations like Zimbabwe and Bolivia , underscoring the strategic significance of lithium in achieving low to zero-emission technology objectives. By 2040, over 60% of demand for nickel is projected to come from batteries—up from less than 10% in 2020. from 2023 to 2030.
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