CAN THE AUTO INDUSTRY MEET AMBITIOUS COP26 PLEDGES?
Pledges to go all-electric for vehicles at the recent COP26 Climate meeting would require a 30-fold increase in battery demand. To make that many batteries would require over 7 million tonnes of lithium annually, which is 17 times more than lithium chemical production in 2021.
It would also require over 5 million tonnes of nickel sulphate, which is 19 times more than production in 2021.
Article originally posted on the benchmarkminerals website at: https://www.benchmarkminerals.com/membership/can-the-auto-industry-meet-ambitious-cop26-pledges/