Electric Vehicles Are Expected to Drive Massive Demand for Lithium and Cobalt

Deutsche Bank Markets Research has reported that global lithium demand is likely to jump from 181kt Lithium Carbonate Equivalent (LCE) in 2015 to 535kt LCE over the next decade. The report cites the growing number of electric vehicles (EVs) as the primary driver of demand for lithium. Overall battery consumption is anticipated to multiply five times over by 2025, meaning that supply chains and markets are preparing for massive strains.

Though EVs are a major reason for the shift, the growing demand for battery-hungry tech, like smart phones and laptops, is also to blame. Pushes from large vehicle markets like China remain some of the biggest drivers of lithium and cobalt demand. It’s now standard to require manufacturers of vehicles and batteries to sign deals to secure raw minerals up to ten years in advance. In anticipation of shortages and future difficulties, companies like VW are partnering with nation states to ensure smooth, consistent procurement of essential materials like cobalt and lithium.

Follow us on social media for the latest updates in B2B!

Image

Latest

professional advancement
The Measured Mindset: How Mentorship, Curiosity, and Listening Drive Professional Advancement and Growth
July 29, 2025

Not every path into analytics starts with code and spreadsheets. For some, it begins with curiosity, adaptability, mentorship, and a willingness to learn something entirely new. That’s the case for Mayank Malviya, whose journey from a humanities education in India to a career in U.S.-based market research reveals how initiative and mentorship can accelerate…

Read More
future-ready workforce
Building a Future-Ready Workforce: Disrupting Outdated Education with Employer-Driven, Community-Powered, Practical Skills Training
July 28, 2025

Workforce training is undergoing a radical transformation as industries face critical talent shortages and rapid technological change. Building a future-ready workforce requires rethinking traditional higher education models. These models emphasize broad academic development over targeted skill-building and struggle to keep pace with employer demands. According to the World Economic Forum’s Future of Jobs Report…

Read More
The Silent Health Crisis: Indoor Air Quality in Long-Term Care
July 28, 2025

The Silent Health Crisis: Indoor Air Quality in Long-Term Care Most nursing homes have infection control down to a science. They’ve got medication protocols that would make a hospital jealous. Fall prevention? They track every risk factor. But ask them about their air quality and you’ll likely get a puzzled look. That’s a problem, because…

Read More
educators
JUST THINKING… About Bringing out the Best in Educators and Learners with Ross Kimball
July 25, 2025

As the educational landscape rapidly evolves—shaped by advances in communication technology, growing mental health awareness, and post-pandemic classroom dynamics—one key question persists: How can we better connect with and empower both educators and students in the classroom? The stakes are high: studies show that teacher-student relationships directly impact student motivation, academic success, and long-term…

Read More