The rapid growth of the global market for EVs in the recent period has also led to a massive increase in the demand for Li-ion powertrain batteries. As a result, battery and car manufacturers are now in a fierce competition for the various raw materials used in battery production. These materials include common metallic and non-metallic elements such as nickel, aluminum, phosphorous, and iron. According to reporting from Bloomberg, demand will grow 14 folds for nickel and aluminum over the next decade, whereas phosphorous and iron will see demand increase by 13 folds during the same period. ...  more
Demand for Raw Materials Used in Battery Production Will Surge as EV Market Expands |
published: 2021-01-26 18:30 |