Electric vehicles reached 50 percent of lithium-ion demand in 2016, although it inched past consumer electronics for the first time the year prior
One million cars consume the same amount of lithium-ion batteries as everything else
sales of battery-powered vehicles still accounting for only 1.2 percent of auto sales worldwide. By 2025, however, BNEF predicts sales jumping almost tenfold to about 11 million.
https://pbs.twimg.com/media/DfkiKxfXkAI9mm8.jpg
Thoughts on how to play on to this? Invest in mining or battery makers?
Will the batteries become commodities? If every car sold is electric, surely they don't need the most high-tech battery for a cheap car. Just like steel for the automotive sector is not the biggest cash cow for the steel mills any more.
Mining is risky too, they can find new deposits, they can partially switch to other materials, and most mining companies are much more dependent on stuff like copper, iron or nickel than on lithium and cobalt.
Submitted June 13, 2018 at 09:53AM by tt598 https://ift.tt/2JLMOh8
