Global EV sales to top three million by 2022, doubling lithium demand

The global market for electric vehicles (EV) is expected to grow at a substantial CAGR of 15.6% through to 2022, driven by the growing popularity of EVs across countries in Asia-Pacific and Europe, says leading data and analytics company GlobalData.

This is turn will drive increased consumption of lithium, as it is needed for the production of lithium-ion batteries. This will support investment in mine expansions across Chile and Australia and new mine development in Chile, Australia, Argentina, and Canada

 

European Metals Holdings (LON:EMH) through its wholly owned subsidiary Geomet s.r.o controls the mineral exploration licences awarded by the Czech State over the Cinovec Lithium/Tin deposit in the Czech Republic. As one of the worlds largest lithium deposits, situated in the heart of Europe, the 2nd largest user of lithium in the world, the project is well positioned to supply the increasing energy storage and electric vehicle segments with its underlying building block.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    X
    LinkedIn
    European Metals Holdings Ltd

    More articles like this

    European Metals Holdings Ltd

    Lithium-ion batteries rising as new pillar of Korea’s exports

    Amid concerns about an anticipated slowdown in South Korea’s semiconductor exports this year, lithium-ion batteries for electric vehicles are emerging as a new pillar that will prop up the export-driven economy, said industry officials Monday. According

    European Metals Holdings Ltd

    Lithium-ion battery usage on the rise

    The demand for lithium-ion batteries continues to increase, driven by the growth in hybrid and electric vehicle (xEV) production and the use of lithium-ion batteries in energy storage systems (ESS), according to a report by metals,

    European Metals Holdings Ltd

    Premier Inn unveils UK’s first battery powered hotel

    The UK’s first battery-powered hotel is now operational in Scotland. The Gyle Premier Inn in Edinburgh is trialling a new 100kW lithium-ion battery supplied and installed by E.ON at its 200-room site in a bid to

    European Metals Holdings Ltd

    Electric vehicle manufacturing in China drives metal demand

    As the world’s largest country by population and second-largest economy, China is embarking on a dedicated effort to become a leader in the emerging electric vehicle market. Hundreds of manufacturing firms in China seek to take

    European Metals Holdings Ltd

    Big on batteries: government finally seizes on lithium-ion potential

    The federal government wants to seize a “once-in-a-generation opportunity” to position Australia as a world leader in the rapidly developing lithium-ion battery manufacturing sector. Releasing a new strategy document from Austrade on Tuesday, the investment minister,

    European Metals Holdings Ltd

    What really powers your smartphone and electric car

    The rechargeable lithium-ion battery helps define our era. It powers our smartphones and electric cars, and promises a future where we’re better able to store renewable energy. It also requires lithium and cobalt, minerals that some of the

    European Metals Holdings Ltd

    Companies line up plans for lithium-ion batteries production

    Over a dozen companies ranging from auto component manufacturers to power and energy solutions providers including ExideNSE -0.97 %, Exicom, Amaron, Greenfuel Energy Solutions, Trontek, Coslight India, Napino Auto & Electronics, Amara Raja BatteriesNSE -0.84 %,

    European Metals Holdings Ltd

    China: EVs to boost lithium-ion battery market

    It is anticipated that the Chinese lithium-ion battery market size will increase at a positive double digit CAGR during the period 2017-2022. The demand for lithium-ion batteries in China is expected to grow at a rapid