Plugging into the battery mineral surge
When we examine the market drivers of battery mineral demand, electrical vehicles (EVs) are clearly out in front. Half of the world’s 211,000 tonnes of lithium carbonate equivalent (LCE) used in 2017 was accounted for by electric cars and by 2027, that figure is expected to be 90% of 1,265,000 tonnes, according to the Australian Department of Industry, Innovation and Science (DIIS).