Essential Metals & Mining Insights – February 2021

Plug-in electric vehicle, or PEV, sales have surged as governments decarbonize their transportation sectors and improve air quality. In turn, there are growing investments in lithium-ion battery, or LIB, capacity to meet the rising demand from PEV manufacturing. As PEV uptake rises across Asia, Europe and North America, we are seeing greater geographical diversification in LIB production capacity, bringing it closer to points of vehicle production and sales.