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

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According to GlobalData, the global EV market is expected to grow at a substantial CAGR of 15.6% through to 2022, driven by the growing popularity of EVs across countries in Asia-Pacific (APAC) and Europe. The largest increase will be in China, which is expected to boost its EV sales from 579,000 in 2017 to 1.5 million by 2022.

Global 284
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Roskill forecasts increasing dependence of Li market on batteries; switch from portable electronics to hybrids

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In a forecast of the Lithium market through 2017, Roskill Information Services estimates that rechargeable batteries will, in the base-case growth scenario, contribute 75% of the growth in forecast lithium demand to 2017, when total demand for lithium is expected to reach slightly more than 238,000t lithium carbonate equivalent (LCE).

Market 296
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Enel acquires eMotorWerks to provide grid balancing solutions and tap into US e-mobility market

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The acquisition of eMotorWerks marks Enel’s entrance into the US electric mobility market. Enel has installed around 5,000 charging stations in Italy, Spain, Romania, Greece, Chile, Colombia and Argentina. Enel is a multinational power company and a leading integrated player in the global, power, gas and renewables markets.

Grid 170
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Ricardo study predicts that BRIC automotive markets will be eclipsed by the “Rising-15”

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A study by Ricardo Strategic Consulting has concluded that while sluggish automotive demand in Europe, Japan and North America will be balanced by the BRIC (Brazil, Russia, India and China) markets through 2020, thereafter the ‘Rising-15’ nations become the engine for profitable growth—assuming political stability.

Market 210
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Australia forecasts lithium export earnings of $16B in 2022-23, up from $5B in 2021-22

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Despite the spread of new battery manufacturing capacity into Europe and the US, Asia remains the major source of demand for lithium. This rapid growth is forecast to be met by gains in output by Australia, Chile and Argentina. Over the following two years, demand is forecast to rise by more than 40%, reaching 1,091,000 tonnes by 2024.

Australia 281
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Made-in-India two-wheeler exports finally on the upswing | Autocar Professional

Baua Electric

While domestic market wholesales are posting strong double-digit growth on the back of a much-awaited rural India recovery, export demand for made-in-India two-wheelers is finally beginning to see the green shoots of recovery. Exports comprised 22% of its combined domestic market and export sales of 40,44,824 or 4 million units in FY2024.

India 52
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Galaxy notes lithium carbonate prices in China rose 17% over last 12 months

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Lithium producer Galaxy Resources Ltd says prices for both technical and battery grade lithium carbonate in its key market, China, have risen significantly on the back of tight demand and supply fundamentals, with current prices up almost 17% on the same time last year. —Galaxy Managing Director Iggy Tan.

Carbon 225