The European Commission has officially approved the first 47 strategic projects under the Critical Raw Materials Act (CRMA) to diversify and secure critical mineral supply. The projects address 14 of the 17 strategic raw
The battle between LFP (Lithium Iron Phosphate) and NMC (Nickel Manganese Cobalt) batteries is shaping the future of electric vehicles and energy storage. While NMC has long been the
Our cobalt long-term forecasts are part of a set of products including long-term forecasts for lithium, graphite, nickel, copper, manganese sulfate and recycled materials
The Detroit Big Three General Motors (GMs), Ford, and Stellantis predict that electric vehicle (EV) sales will comprise 40–50% of the annual vehicle sales by 2030. Among the key components of LIBs, the
The Global Nickel Manganese Cobalt (NMC) Battery Market is accounted for $25.8 billion in 2023 and is expected to reach $81.7 billion by 2030 growing at a CAGR of 17.9%.
The nickel manganese cobalt battery market size exceeded USD 30.5 billion in 2024 and is estimated to exhibit 14.8% CAGR between 2025 and 2034 driven by growth in renewable
Projections suggest that demand for battery-grade nickel will grow by 27% year-on-year in 2024, highlighting its critical role in the EV revolution. According to the Benchmark Nickel Forecast, batteries will drive
While the share of cobalt in battery chemistry mix is expected to decrease, the absolute demand for cobalt for all applications could rise by 7.5% a year from 2023 and 2030, McKinsey estimates, adding that shortages of
But most of these vehicles use LFP batteries, limiting the impact on nickel demand. Additionally, battery producers are leaning toward mid-nickel NCM chemistries. These offer better thermal stability and reduce the risk
McKinsey reveals 2030 battery raw material outlook on lithium, nickel and cobalt as demand for these materials may soon outstrip base-case supply The electrification of
Moving on nickel''s role in the battery landscape continues to evolve. The silvery-white metal plays a vital role in high-performance batteries like lithium nickel manganese cobalt oxide (NMC) variants. This variant has higher
This research offers a comparative study on Lithium Iron Phosphate (LFP) and Nickel Manganese Cobalt (NMC) battery technologies through an extensive methodological approach that focuses
This move aligns with Stellantis'' dual-chemistry strategy, which includes both lithium-ion nickel manganese cobalt (NMC) and LFP batteries. Stellantis will incorporate a dual-chemistry strategy which means both lithium
Twenty two of the projects involve lithium, 12 nickel, 11 graphite, 10 cobalt, and seven manganese to help the battery-making supply chain, with some involving more than one
Within the battery market itself, the choice of battery chemistries determines demand for materials, driven by the need to balance battery performance and cost. There are currently two broad families of battery
Recovery rates are based on the EU battery regulation: 80% lithium recovery rate from 2030, 95% recovery rate for nickel, cobalt and manganese from 2030. Assumptions per year are
Learn how Nickel Cobalt Manganese (NCM) cathodes improve lithium battery capacity, cycle life, and thermal safety—ideal for EVs, ESS, and portable electronics.
Despite emerging technologies like solid-state and high-density sodium-ion batteries making strides, they will likely continue to hold a small market share until 2030, as they are still in the prototype and pilot stages.
End-of-Life batteries and scrap from battery gigafactories in Europe have potential to provide 14% of all lithium, 16% of nickel, 17% of manganese, and a quarter of
At the same time, the share of manganese recovered from battery recycling is anticipated to decline in 2035 compared to 2030 due to an accelerated growth in manganese demand driven
PDF | On Oct 1, 2024, Solomon Evro and others published Navigating Battery Choices: A Comparative Study of Lithium Iron Phosphate and Nickel Manganese Cobalt Battery
The first-mover advantage of LFP in China has created stickiness in the leading battery-choice, as iron and phosphate are considered widely available and more easily accessible compared to nickel, manganese, and cobalt.
With these efforts, the EU is set to fully meet its 2030 benchmarks for extraction, processing and recycling of lithium and cobalt while making substantial progress in graphite,
Following these strategies, plans, and regulations, the widespread production, promotion, and adoption of battery-electric cars (BEVs) got underway with the intention of
The critical question addressed here is whether Portugal''s Li reserves are sufficient to meet the Li demand for its electric mobility transition and to determine Portugal''s
Battery 2030: Resilient, sustainable, and circular Battery demand is growing—and so is the need for better solutions along the value chain.
While the share of cobalt in battery chemistry mix is expected to decrease, the absolute demand for cobalt for all applications could rise by 7.5% a year from 2023 and 2030, McKinsey estimates
Nickel Manganese Cobalt (NMC) Battery Market Forecasts to 2030 - Global Analysis By Type (NMC 622, NMC 532 and NMC 111), Application (Commercial, Consumer
The Democratic Republic of Congo (DRC) produces 64% of the global cobalt output, largely as a by-product from copper and nickel mining. Despite the decreasing role of
End-of-Life batteries and scrap from battery gigafactories in Europe have potential to provide 14% of all lithium, 16% of nickel, 17% of manganese, and a quarter of cobalt demand by 2030 already. These materials
In a previous article, we discussed how a lithium-ion battery works and provided an introduction to NMC and LFP batteries. Let''s dive into the details further. NMC Batter y
The quantities of material demand for manganese used in LIBs are low in contrast to the high global production volume. However, the calculation for lithium and cobalt predicts a higher material demand in 2040 than the production volume of these battery metals in 2021. In the case of nickel, it depends on the technology and growth scenario.
As European gigafactories scale up production of high-nickel NMC batteries, significant volumes of production scrap are expected to become available for recycling in the late 2020s. By the early 2030s, recycled nickel is expected to cover 12% of demand.
Therefore, it should be considered to change the cathode materials from cobalt-rich towards nickel-rich and Fe- and Mn-based cathode materials. The transition to other cell chemistries like Fe- and Mn-based materials can significantly reduce the pressure on Co and Ni demand. This would result in lower raw material use for EV LIBs.
A theoretically abundant and lower cost raw material, manganese can partially replace cobalt or nickel in certain chemistries like LMR-NMC or NMCA, and can improve the driving range of LFP batteries (the so-called LMFP batteries).
