News & numbers


Lithium mining and the market for electric car batteries


Tesla plans to spend $1bn a year on


Australian minerals. Source: Reuters


By 2025, 20% of all new cars sold globally will be electric.


This will leap to 40% by 2030.


Top 40 revenue-based commodity mix Battery minerals represented less than 3% of the top 40’s total revenue in 2020.


Australian mining groups Orocobre and Galaxy Resources plan to merge in a A$4bn ($3.1bn) deal. Source: FT


It is predicted that the companies will produce 130,000t of lithium carbonate by 2025 if the merger


goes ahead. Source: Canaccord


17% 3% 2% 13% 2021 22% 17% 17%  Copper  Iron ore  Coal  Gold  Aluminium  PGM  Other Source: PwC


Countries with the largest lithium reserves worldwide as of 2020 Chile


9,200,000


Lithium carbonate prices have soared about 70% this year on


strong demand for electric vehicles. Source: Macquarie


Australia Argentina China USA


Zimbabwe Brazil Portugal


0 4,700,000 1,900,000 1,500,000 750,000 220,000 95,000 60,000 1,000 2,000 3,000 4,000 5,000 6,000 7,000 Reserves in metric tonnes (000) Source: Statista 8,000 9,000 10,000 11,000 26% 4% 3% 16% 2020 20% 23% 17% 23% 3% 3% 14% 2019 19% 16% 22%


100% of new cars will be electric by 2040.


Source: UBS


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