• 761 days Will The ECB Continue To Hike Rates?
  • 762 days Forbes: Aramco Remains Largest Company In The Middle East
  • 763 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,163 days Could Crypto Overtake Traditional Investment?
  • 1,168 days Americans Still Quitting Jobs At Record Pace
  • 1,170 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,173 days Is The Dollar Too Strong?
  • 1,173 days Big Tech Disappoints Investors on Earnings Calls
  • 1,174 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,176 days China Is Quietly Trying To Distance Itself From Russia
  • 1,176 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,180 days Crypto Investors Won Big In 2021
  • 1,180 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,181 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,183 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,184 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,187 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,188 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,188 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,190 days Are NFTs About To Take Over Gaming?
Tesla's

Tesla's "Battery Day" Could Deal A Blow To Cobalt Miners

Speculation points to a cobalt-free battery that…

Copper Continues To Outperform

Copper Continues To Outperform

A fair part of the…

Why Chinese Rare Earth Prices Are Soaring

Why Chinese Rare Earth Prices Are Soaring

The prices of Chinese-sourced rare…

Mining.com

Mining.com

Mining.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

Contact Author

  1. Home
  2. Commodities
  3. Industrial Metals

Lithium Batteries Remain Critical Despite EV Sales Slump

EV Lithium

A report by market analyst Roskill states that the slowdown in the Chinese EV market during H2-20‌19 and the covid-19 pandemic have had a significant impact on demand projections for Li-ion batteries

According to Roskill, previous analyses show that, across the world, sales of plug-in EVs have fallen 30% year-on-year in Q1 20‌20, equivalent to roughly 5.5GWh of battery capacity. 

To make matters worse, continued disruption in 20‌20 is expected, with monthly plug-in EV sales in key markets forecast to be reduced by 70% or 80% while lockdown conditions ensue. 

“These disruptions come at a key stage for many automotive OEMs looking to break into the plug-in EV industry,” the report states. “Automotive manufacturers have scheduled launches of a series of new EV models, though increasing sales of higher-margin vehicles such as luxury and SUV models were required to support this transition to EVs.”

In the study, Roskill states that, even if they are short-termed, the disruptions to EV sales may have long-term implications, not only to further investment in plug-in EV models but also on legislation in China and Europe, if financial penalties become too damaging to key industry participants. 

The market analyst, however, believes that even though the automotive applications are forecast to be the dominant end-use market for lithium-ion batteries, their use in energy storage systems, portable electronic and power & motive applications will provide support for battery manufacturers.

“Several >1GWh scale projects are scheduled to be constructed by 20‌22, by companies such as Tesla, with continuing demand growth,” the report reads. 

By Mining.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment