article thumbnail

Benchmark Mineral Intelligence: lithium industry needs $42B investment to meet 2030 demand

Green Car Congress

The lithium industry needs $42 billion of investment if it is to meet 2030 demand, according to analysis by Benchmark Mineral Intelligence. This works out at approximately $7 billion a year between now and 2028 if the industry is to meet lithium demand by the end of the decade. Benchmark Lithium Price Index as of 22 April 2022.

article thumbnail

Roskill: Rising prices could be new norm for lithium industry

Green Car Congress

Falling sales in H2 2019 in China, the largest market for EVs, and a global reduction in sales caused by lockdowns related to the COVID-19 pandemic in H1 2020 slowed lithium demand growth, impacting demand from both battery and industrial applications.

article thumbnail

IDTechEx: future of the electric ship industry lies with hybrid cargo vessels

Green Car Congress

More than 1GWh of batteries are now sailing on waters globally, reflecting 72% industry growth in 2022, according to a new report from IDTechEx. Based on primary supplier interviews, it further shares technology analysis and price information on marine Li-ion battery systems ($/kWh 2020 - 2044) and electric propulsion systems.

article thumbnail

BYD’s new EV, starting at less than $10,000, is stoking fear across the industry

Electrek

Leading EV maker BYD shook the industry after unveiling the new Seagull (Dolphin Mini), with starting prices as low as $9,700 (69,800 yuan). Although BYD’s new EV, which earned the nickname “Lamborghini mini,” is not sold in the US, American automakers are taking notes.

article thumbnail

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. This is more than double the $54-billion investment needed to meet Benchmark’s base case lithium demand scenario. TWh in the base case to 6.1

article thumbnail

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 its new Lithium Outlook to 2030 report, Roskill notes that the prolonged downward trend for lithium compound and mineral concentrate prices has caused a difficult environment for many lithium producers since 2018.

Recharge 334
article thumbnail

BASF and RWE proposing 2GW offshore wind farm for green electricity and hydrogen for chemical industry

Green Car Congress

Another output of this process is high-purity solid carbon, a valuable raw material that can replace carbon in various industrial sectors, such as the steel industry. It shows very clearly how climate protection and competitiveness can be harmonized in the chemical industry.

Wind 416