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Battery-grade lithium carbonate forecast to trade at $74K/tonne in 12 months

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Trading Economics global macro models and analysts expectations forecast battery-grade lithium carbonate to trade at 504,813 CNY (US$74,000) per tonne in 12 months time. Lithium is expected to trade at 484,185.00 Lithium carbonate is forecast to trade near its high. by the end of this quarter.

Carbon 483
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Fitch Solutions forecasts nickel demand for EV batteries to grow 29.2% per year to 2030

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Fitch Solutions expects nickel demand for EV battery manufacturing to experience an annual average growth rate of 29.2% over 2021-2030—outpacing demand for both lithium and cobalt. This estimate is a significant increase from the market analysis firm’s 2018 forecast, due to upwards revisions in its EV sales forecasts.

Batteries 358
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Enovix raises $45M; working to develop its 3D Silicon Lithium-ion technology for EV market

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Enovix Corporation has secured $45 million in new funds to produce and commercialize its 3D Silicon Lithium-ion Battery. Enovix has developed a lithium-ion battery that incorporates a 100% active silicon anode using a patented 3D cell architecture to increase energy density and maintain high cycle life.

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). Record electricity prices are forcing consumers to consider new forms of energy supply, driving the residential storage market in the near term.

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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 Manufacturing the additional 2.7 billion.

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EV batteries need graphite – here’s what’s forecast for the vital mineral’s supply

Electrek

The mineral graphite, as an anode material , is a crucial part of a lithium-ion (Li-on) battery. Read on to learn what he had to say about why graphite’s so important for EVs, what his company is doing to ramp up US sourcing and processing, and what the graphite supply is expected to be in the next couple years.

Supplies 128
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Benchmark: Lithium industry needs more than $116B to meet automaker and policy targets by 2030

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Benchmark’s high case scenario forecasts that 7.0 TWh of batteries will be needed in 2030, compared to 3.9 million tonnes of lithium carbonate equivalent (LCE). But without large increases in the amount of lithium, these targets will be impossible to hit. As a result, demand for lithium-ion batteries jumps in 2030 from 3.9