In the STEPS, China, Europe and the United States account for just under 85% of the market in 2030 and just over 80% in 2035, down from 90% today. In the APS, nearly 25% of battery demand is outside today’s major markets in 2030, particularly as a result of greater demand in India, Southeast Asia, South America, Mexico and Japan.
The global demand for raw materials for batteries such as nickel, graphite and lithium is projected to increase in 2040 by 20, 19 and 14 times, respectively, compared to 2020. China will continue to be the major supplier of battery-grade raw materials over 2030, even though global supply of these materials will be increasingly diversified.
The battery recycling sector, still nascent in 2023, will be core to the future of EV supply chains, and to maximising the environmental benefits of batteries. Global recycling capacity reached over 300 GWh/year in 2023, of which more than 80% was located in China, far ahead of Europe and the United States with under 2% each.
Stationary storage will also increase battery demand, accounting for about 400 GWh in STEPS and 500 GWh in APS in 2030, which is about 12% of EV battery demand in the same year in both the STEPS and the APS. IEA. Licence: CC BY 4.0 Battery production has been ramping up quickly in the past few years to keep pace with increasing demand.
Source: JRC analysis. The supply 1 of each processed raw material and components for batteries is currently controlled by an oligopoly industry, which is highly concentrated in China. Although China is expected to continue holding a dominant position, geographic diversification will increase on the supply side, mostly for refined lithium.
As manufacturing capacity expands in the major electric car markets, we expect battery production to remain close to EV demand centres through to 2030, based on the announced pipeline of battery manufacturing capacity expansion as of early 2024.
A Look Into the Global Battery Supply Chain
How do some of the world''s countries factor into the global battery supply chain? The United States is rapidly building up its battery investments, resulting in the country progressively gaining momentum with its …
Learn More
Battery supply chains: how to make them faster and …
"EV manufacturers are now securing long-term, billion-dollar deals with battery manufacturers to prepare. These and other companies that rely on battery technology are moving upstream in the supply chain to preserve a …
Learn More
A Look Into the Global Battery Supply Chain
How do some of the world''s countries factor into the global battery supply chain? The United States is rapidly building up its battery investments, resulting in the country progressively gaining momentum with its dominance. A 2024 analysis predicts the nation''s lithium demand for light-duty battery-electric vehicles will jump 67 percent by 2032.
Learn More
Electrifying road transport with less mining : A global and regional ...
The scaling-up of battery material supply is projected to catch up with growing demand. Assuming a continuous increase in the average battery size of light-duty vehicles and a baseline scenario for the development of the market shares of LFP batteries, we estimate that mining capacities in 2030 would meet 101% of the annual demand for lithium, 97% of the …
Learn More
Breaking the Battery Industry''s Mineral Supply Crunch
Today''s global battery supply chain comes down to one word, Jensen told Battery Technology: "China." "Region, type, technology all must go through China to reach the market. There are some exceptions – and the United States is in the middle of playing catch-up in a big way," he noted. "However, most of the upstream mining to midstream ...
Learn More
Trends in electric vehicle batteries – Global EV Outlook 2024 ...
Battery demand for nickel stood at almost 370 kt in 2023, up nearly 30% compared to 2022. High levels of investment in mining and refining in the past 5 years have ensured that global supply …
Learn More
RMIS
This report analyses the emissions related to batteries throughout the supply chain and over the full battery lifetime and highlights priorities for reducing emissions. Life …
Learn More
Electrifying road transport with less mining : A global and regional ...
The scaling-up of battery material supply is projected to catch up with growing demand. Assuming a continuous increase in the average battery size of light-duty vehicles and …
Learn More
EV Battery Supply Chain Sustainability – Analysis
This report analyses the emissions related to batteries throughout the supply chain and over the full battery lifetime and highlights priorities for reducing emissions. Life cycle analysis of electric cars shows that they already offer emissions reductions benefits at the global level when compared to internal combustion engine cars. Further increasing the sustainability …
Learn More
Outlook for battery and energy demand – Global EV …
The main sources of supply for battery recycling plants in 2030 will be EV battery production scrap, accounting for half of supply, and retired EV batteries, accounting for about 20%. Of course, scrap materials remain in an almost …
Learn More
Toward security in sustainable battery raw material supply
In the base case, using the latest demand estimates, McKinsey analysis projects that in 2030, only about 20 percent of the HPMSM supply will meet the requirements of battery applications (30 percent if all announced projects are realized), which themselves will account for only about 5 percent of total demand for manganese. In a world where the rapid …
Learn More
RMIS
Batteries: global demand, supply, and foresight. The global demand for raw materials for batteries such as nickel, graphite and lithium is projected to increase in 2040 by 20, 19 and 14 times, respectively, compared to 2020. China will continue to be the major supplier of battery-grade raw materials over 2030, even though global supply of these ...
Learn More
Lithium-ion battery demand forecast for 2030 | McKinsey
The strategies and goals presented here are aligned with both McKinsey''s battery supply chain vision and the GBA''s principles. Global market outlook for 2030. Global demand for Li-ion batteries is expected to soar over the next decade, with the number of GWh required increasing from about 700 GWh in 2022 to around 4.7 TWh by 2030 (Exhibit 1). …
Learn More
Trends in electric vehicle batteries – Global EV Outlook 2024 ...
Battery demand for nickel stood at almost 370 kt in 2023, up nearly 30% compared to 2022. High levels of investment in mining and refining in the past 5 years have ensured that global supply can comfortably meet demand today, not only for EVs but also in historical markets including portable electronics, ceramics, metals and alloys. In 2023 ...
Learn More
Outlook for battery and energy demand – Global EV Outlook …
The main sources of supply for battery recycling plants in 2030 will be EV battery production scrap, accounting for half of supply, and retired EV batteries, accounting for about 20%. Of course, scrap materials remain in an almost pristine state, and therefore are much easier and cheaper to recycle and feed back into the manufacturing plant ...
Learn More
Battery Supply Chain | Industrial Info Resources
The battery supply chain is integral to this growth as it supports the production of lithium-ion batteries that power electric vehicles. Manufacturing of lithium-ion is mainly coming from the Asia Pacific region which currently leads with 87% of the world''s lithium battery resources and continues to see significant growth. China specifically controls the supply chain with its exports …
Learn More
Critical EV battery materials face a supply crunch by 2030
5 · The global shift to electric vehicles (EVs) is accelerating, but McKinsey''s latest report warns of significant strain on the supply chain for critical battery materials by 2030. EV sales …
Learn More
High concentration from resources to market heightens risk for …
Global low-carbon contracts, along with the energy and environmental crises, have encouraged the rapid development of the power battery industry. As the current first choice for power batteries, lithium-ion batteries have overwhelming advantages. However, the explosive growth of the demand for power lithium-ion batteries will likely cause crises such as resource …
Learn More
A comprehensive analysis of India''s electric vehicle battery supply ...
This study investigates challenges and solutions for India''s battery supply chain in the growing electric vehicle (EV) market. Key obstacles include raw material dependency, supply chain complexity, production costs, environmental impacts, rapid technological changes, and skilled workforce shortages. Methods involve reviewing current supply chains, evaluating …
Learn More
Electric Vehicle Battery Supply Chain and Critical Materials: A …
Furthermore, details of the battery supply chain and its associated steps are illustrated. The authors believe the presented study will be an information cornerstone in boosting manufacturing and ...
Learn More
Critical EV battery materials face a supply crunch by 2030
5 · The global shift to electric vehicles (EVs) is accelerating, but McKinsey''s latest report warns of significant strain on the supply chain for critical battery materials by 2030. EV sales are ...
Learn More
Electric vehicle battery chemistry affects supply chain ...
We examine the relationship between electric vehicle battery chemistry and supply chain disruption vulnerability for four critical minerals: lithium, cobalt, nickel, and manganese. We compare the ...
Learn More
The Battery Revolution: Balancing Progress with Supply Chain …
As global demand for lithium-ion batteries continues to increase, actors in the battery industry must navigate this new environment and proactively enhance accountability across their …
Learn More
Electra Battery Materials | Latest News
Latest News. Dec. 20. 2024. Electra Announces Results of Special Meeting. Nov. 26. 2024. Electra Completes US$5 Million Financing and Settles Accrued Interest on Convertible Notes. Nov. 19. 2024. Electra Secures 10-Year Permit to Advance Exploration for Idaho Copper and Cobalt Properties . Nov. 15. 2024. Electra Files Third Quarter 2024 Financial Reports. Oct. 25. …
Learn More
Toward security in sustainable battery raw material supply
In the base case, using the latest demand estimates, McKinsey analysis projects that in 2030, only about 20 percent of the HPMSM supply will meet the requirements …
Learn More
Battery Supply Chain | Industrial Info Resources
The battery supply chain is integral to this growth as it supports the production of lithium-ion batteries that power electric vehicles. Manufacturing of lithium-ion is mainly coming from the Asia Pacific region which currently leads with 87% of the world''s lithium battery resources and …
Learn More
