What would 78mt at 2% Copper and 0.6% cobalt be worth?, page-28

Electric cars and hybrids will be the biggest drivers of battery sales over the next five years

The global market for car batteries will pass $US54 billion by 2022, driven by growing demand for expensive lithium-ion batteries required by electric cars and hybrids.
Electric and hybrid cars are now the biggest driver of the battery market, pushing the automotive sector to account for 38 per cent of total battery sales by 2022 — up from 34 per cent today.
These new forecasts — from US researcher The Freedonia Group’s latest Global Batteries report — are good news for ASX-listed explorers focused on so-called battery metals such as lithium, cobalt, nickel and graphite.
“Increased penetration of [hybrid electric vehicles] will fuel rapid demand for batteries worldwide, with lithium-ion products absorbing the bulk of gains,” Freedonia Group reported.
The hybrid car market was expected to quadruple over the next five years, but electric cars — which use more expensive batteries than hybrids — would account for a large part of the overall boost in market value.

“Growth will be particularly strong for products used in electric vehicles, as cost reductions will fuel increased use of high-value high-capacity batteries.”
Electric car makers use two main lithium-ion battery technologies: nickel-cobalt-aluminium (NCA), which has been favoured by Tesla, and nickel-cobalt-manganese (NCM) which is more popular among Tesla’s rivals.
“Massive investments in lithium-ion battery production capacity will support price reductions due to improved economies of scale, allowing HEVs to increasingly compete on cost with conventional vehicles.

https://unauthorised investment adv...rs-of-battery-sales-over-the-next-five-years/