The use of lithium-ion batteries by automakers is expected to grow seven-fold by 2025, helped mainly by their dropping costs as well as by subsidies and incentives in many countries, particularly in China, to encourage sales of electric vehicles (EVs).
According to Will Adams, Metal Bulletin’s Head of Research for the battery materials, base metals and precious metals markets, the demand for lithium-ion batteries will soar to 650 GWh by 2025, from only 70 GWh last year.
European Metals Holdings Limited (LON:EMH) explores and develops mineral properties. It holds 100% interest in the Cinovec lithium-tin project in the Czech Republic. The company was formerly known as Equamineral Holdings Limited and changed its name to European Metals Holdings Limited in February 2014. European Metals Holdings Limited is based in West Perth, Australia.