By 2040, more people will be buying electric cars than traditional petrol and diesel engine vehicles, according to BloombergNEF data.
That is good news for the environment, but the shift towards lithium-ion battery-powered cars has huge implications for a complex global supply chain that is currently dominated by China.
Lithium-ion batteries heralded a consumer tech revolution, given they are used to power smartphones and laptops, but demand for lithium and other battery metals will spiral given the amounts needed for electric cars.
European Metals Holdings Ltd (LON:EMH) are an Australian and UK listed mineral exploration and development company advancing the Cinovec Lithium / Tin Project in Czech Republic. Cinovec hosts the largest lithium resource in Europe, and one of the largest undeveloped tin resources in the world.