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Roskill: rare earth magnet applications to account for ~40% of total RE demand by 2030, up from 29% in 2020

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Roskill expects that rare earth permanent magnet applications represented 29% of total demand in 2020—the largest single end use—consuming a mixture of neodymium (Nd), praseodymium (Pr), dysprosium (Dy), along with other elements used at fillers such as cerium (Ce) and gadolinium (Gd).

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Navigant forecasts modest growth in global e-bike market through 2020; China slowing

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In a new report , Navigant Research forecasts that the global market for e-bicycles will grow at a modest rate of 3.1% CAGR (compound annual growth rate) from 31 million in 2013 to nearly 38 million in 2020. million by 2020. million e-bicycles in China in 2020. million vehicles by 2020. million sales in 2020).

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LME copper prices hit 7-year high

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On 4 December 2020, the LME cash price hit its highest level since March 2013, closing at US$7,742/t. (By Copper has charted an unlikely trajectory through 2020, notes Roskill. Copper prices since 1 Jan 2020. Underlying Chinese consumption is actually performing much better than most analysts believe, Roskill said.

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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2023.

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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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billion to decarbonization in 2020, beating the previous year by 9% despite the economic disruption caused by the Covid-19 pandemic. billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. billion (up 67%), with China at $134.8

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Ipsos Auto Global Study: interest in battery electric vehicles growing in the US

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Ipsos’ new 2020 Global Mobility Navigator Study, focusing on Electrification, found global interest remained on par with the numbers from 2019. However, the study reveals there has been an increase in interest in the US and Chinese markets. Source: Ipsos. —John Kiser.

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BloombergNEF annual battery price survey finds prices fell 6% from 2020 to 2021

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This marks a 6% drop from $140/kWh in 2020. Since September, Chinese producers have raised LFP prices by between 10-20%. Prices for lithium have risen substantially this year as a result of constraints within global supply chains, rising demand in China and Europe and the recent production curbs in China.

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