Really good article from Stockhead's analysis of UBS report.....
Battery metals in 2030: Here’s how lithium, cobalt, rare earths, graphite, nickel and copper could make your kid rich
By 2030, UBS also predict that:
Lithium demand will lift ~1100% from ~400,000 to 4.4 million tonnes
Natural graphite demand grows by 700%
Demand for nickel grows from ~2.6mtpa to 5.8mtpa
Rare earths neodymium (Nd) and praseodymium (Pr) face “a step change” in demand from ~30ktpa towards ~100ktpa
Cobalt demand to expand over the next decade from around 120ktpa to over 400ktpa
And by 2030, copper consumption in EVs — which averages 90kg vs 20kg in ICE vehicles — will represent 4.4mt of copper demand or around 13% of the total.
Read the article