• 18 hours The Unexpected Retail Segment On Track To Hit $68B
  • 19 hours The Small Company Looking to Revolutionize The Trillion-Dollar Drug Sector
  • 3 days Oil Demand Falters On New Wave Of Lockdowns
  • 4 days Signal, Telegram Gain Ground As Social Censorship Breaks Headlines
  • 5 days Investors Should Be Worried About Tech Stocks
  • 7 days Battle For Market Share Intensifies In COVID Streaming War
  • 9 days Censorship Is Now Private, And That’s Scary
  • 11 days Markets Hit ‘Ignore’ Over Capitol Coup
  • 13 days Tesla’s China Strategy Is Yet Another ReasonTo Double Down
  • 14 days NYSE Reverses China Company Delisting Plans … For Now
  • 16 days The Dollar Could Remain Weak For Years To Come
  • 19 days The Simple Secret To Tesla-Like Gains
  • 20 days US-Listed China Stocks Have 3 Years To Become Transparent
  • 22 days $30,000 Is The New $20,000 For Bitcoin
  • 22 days Gold Slips Following Stimulus Announcement
  • 23 days Illegal Streaming Targeted In The 5,000 Page COVID-19 Stimulus Bill
  • 24 days Big Investors Are Dumping Gold For Bitcoin
  • 25 days The Most Exciting And Strange Energy Tech Of The Year
  • 26 days Morgan Stanley Sees Apple As Major Threat To Tesla’s Dominance
  • 28 days U.S. Lawmakers Pass $2.3 Trillion Relief Package
Indonesia Moves To Bolster Mining Sector

Indonesia Moves To Bolster Mining Sector

Government policy in Indonesia will…

The Unsung Hero In The Race To Go Green

The Unsung Hero In The Race To Go Green

A team of international scientists…

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