Battery Metals Market
A supply deficit of battery metals is expected as early as 2024 and EV sales are expected to double, reaching 31.6 million units by 2027. Gain vital insights into the key factors shaping the global battery sector and supply challenges.
WEBINAR:
Emerging opportunities and challenges facing the global battery sector
Hear from S&P Global experts as they discuss the fundamental challenges facing the sector, including how:
- Evolving supply chains are expected to cope
- Technology choices will affect them
- Factors that impact prices for battery cells and related raw materials
Battery Metals Market
Metal supply concerns push EV makers to new battery chemistries
EV sales are expected to double from 2023 to 2027, reaching 31.6 million units. Shortages of cobalt and lithium are expected through 2027, according to S&P Global Commodity Insights.
Automakers are deploying alternative battery chemistries to avert supply disruption as rising demand for electric vehicles taxes the world's capacity to mine the minerals critical to the clean energy transition.
The top automobile-producing states in the Midwest and Southeast are slated to receive about 90% of the incoming investment and jobs. The IRA's revival of the $7,500 EV tax credit has been a key driver of the flow of investment.
Newsletter
Metals & Mining Essentials
Gain vital insights into the supply pipeline for battery minerals, critical minerals policy developments, and battery metals market analysis and price forecasts.
Lithium Supply Pipeline
Lithium supply race – delayed hope in 2024
Market tightness is keeping lithium prices strong. The supply side is a key issue for any market deficit. We have identified 16 projects that have set first shipment targets in 2023-24, comprising 10 hard rock and six brine, making up nine concentrate and seven chemical operations. These 16 assets will bring 567,941 tonnes of lithium carbonate equivalent, or LCE, capacity online by the end of 2024.
Drilling for energy transition metals holds up better against spurned gold
Drilling for base metals climbed 11.2% year over year to 328 projects, and activity at specialty metals projects, which includes lithium, jumped 92.9% to 135 sites.
Analyze the Supply Pipeline of Battery Metals
Screen for mining projects or companies producing critical minerals required for the energy transition. Assess asset-level data and review metals market forecasts to understand the future supply pipeline.
Assess Foreign Investment Risks in Battery Metals
Anticipate and quantify critical external strategic business risks that might impact your critical minerals international investment.
Track the Global Trade Flow of Critical Minerals >
Drill into the global shipment records of critical raw materials and a complete view of import and export movement to identify key players in the market.
Understand US Battery Energy Storage Trends
Examine the growth of battery energy storage across US power markets. Identify renewable energy opportunities in the US power market.
Panjiva Supply Chain Intelligence
Access coverage of over 1 billion shipment records from 17 countries and 13 million company-to-company relationships for a comprehensive view of the global marketplace.
SNL Metals & Mining
The SNL Metals and Mining dataset allows you to explore the in-depth coverage on mining properties and companies, covering a wide array of commodities.
Country Risk
Country level risk ratings for 211 countries covering the full spectrum of geopolitical, security, economic, banking, and investment risks. The scores provide a 12 month forward-looking risk score with a directional outlook for up to 3 years.
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