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

Green Car Congress

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 terawatt-hours by 2030, up from around 1 TWh this year.

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Snow Lake Lithium seeking to develop first all-electric hard-rock lithium mine to supply N. American EV industry

Green Car Congress

Canada-based Snow Lake Lithium has outlined plans to develop the first all-electric hard-rock lithium mine in Manitoba, Canada, thereby developing a domestic supply of this critical resource to the North America electric vehicle industry. —Philip Gross, CEO of Snow Lake Lithium.

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NTT DATA and DENSO building industry-wide dataspace for EV batteries

Green Car Congress

NTT DATA Corporation and DENSO Corporation have started to build an industry-wide ecosystem for electric vehicle (EV) batteries to create a global trusted dataspaces where only necessary data can be shared, while also protecting private data. The two companies were officially approved as business operators in September 2022.

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Roskill sees recovery in lithium industry, buoyed by demand from rechargeable battery applications

Green Car Congress

Despite the trend toward transportation electrification, the lithium industry has had a rough few years. In 2019, rechargeable batteries accounted for 54% of total lithium demand, almost entirely from Li-ion battery technologies. In 2019, monthly average lithium carbonate prices fell 36% between January and December.

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The Australian lithium industry and the global battery supply chain

Innovation News Network

Curtin University’s Professor Jacques Eksteen explores the Australian lithium industry and its role in the global battery supply chain. Lithium is most commonly used for rechargeable batteries in our mobile phones, laptops, digital cameras, home and grid energy storage, and electric vehicles (EVs).

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Transforming Ontario’s battery metals industry

Innovation News Network

Discover how Ontario is set to become a leading contributor to the global electric vehicle battery supply chain. The post Transforming Ontario’s battery metals industry appeared first on Innovation News Network.

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

Green Car Congress

The lithium industry needs to invest $116 billion by 2030 if the world is to meet the ambitions targets set by governments and the largest automakers, according to a Benchmark analysis. TWh of batteries will be needed in 2030, compared to 3.9 Globally, Benchmark’s Lithium ion Battery Database forecasts that 43.7% million EVs.