Remove 2017 Remove Chile Remove Industry Remove Market
article thumbnail

GlobalData: growing global electric vehicle market will more than double lithium demand over the next 5 years

Green Car Congress

According to GlobalData, the global EV market is expected to grow at a substantial CAGR of 15.6% The company projects that China will lead the global EV market with more than 50% share and grow three times as fast as the US over the next five years. In 2017, 1.1 —Vinneth Bajaj, Senior Mining Analyst at GlobalData.

Global 284
article thumbnail

Study finds future-fuel demand for shipping industry equal to entire current global production of renewables

Green Car Congress

A new study , commissioned by the International Chamber of Shipping and prepared by Professor Dr. Stefan Ulreich from Germany’s University of Applied Sciences, finds that the global shipping industry will require the equivalent of the world’s entire current renewable energy demand in order to replace fossil fuel use. billion in 2017 to $1.6

Renewable 210
article thumbnail

Roskill forecasts increasing dependence of Li market on batteries; switch from portable electronics to hybrids

Green Car Congress

Consumption of lithium in rechargeable batteries by end use, 2012-2017, kt LCE. Roskill is an international metals and minerals market research firm. The lithium industry is therefore becoming more reliant on rechargeable batteries to sustain high rates of future demand growth, Roskill concludes. Source: Roskill.

Market 296
article thumbnail

ADEME / IFPEN study examines non-geological risks in the security of lithium supplies based on electrification of global car fleet

Green Car Congress

The lithium market continues to grow; in 2015, the market grew by 5% a year, and supply will have to increase sharply to meet future demand. Source: USGS, 2017). More generally, vulnerabilities economic, industrial, geopolitical or environmental issues are still possible.

Supplies 236
article thumbnail

Stellantis makes $155M investment in McEwen Copper Argentina project

Green Car Congress

Stellantis intends to lead the industry with the commitment to be carbon net zero by 2038 – a goal that requires innovation and a complete redefinition of the entire business. Los Azules plans to produce 100,000 tons per year of cathode copper at 99.9% purity starting in 2027 and the resources can secure the operation for at least 33 years.

Argentina 307
article thumbnail

Opinon: Lithium Market Set To Explode; All Eyes Are On Nevada

Green Car Congress

While other commodities are floundering or completely collapsing in this market, lithium—the critical mineral in the emerging battery gigafactory war—is poised to explode, and going forward Nevada is emerging as the front line in this pending American lithium boom. There aren’t many American properties out there like ours.”.

Nevada 150
article thumbnail

SEAT to launch 6 electric and plug-in hybrid models, develop smaller version of MEB for lower-cost EVs

Green Car Congress

This year’s achievements underline SEAT’s potential to make use of growth opportunities and open new markets. to stand at €223 million (2017: 116) and turnover amounted to €9.991 billion—4.6% higher than the 2017 result (9.552). more than in 2017), made SEAT the fastest growing brand in Europe last year.

Plug-in 207