Demand for various minerals used in the production of electric vehicles (EVs) is forecast to soar in the coming decades. The demand for lithium, a critical component of lithium-ion batteries, is projected to rise over 43-fold between 2020 and 2040, to around *** thousand tons in the latter year. That same year, demand for graphite, nickel, and copper is expected to surpass ***** million tons each.
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Mining Technology. (February 10, 2022). Electric vehicle industry demand of selected minerals worldwide in 2020, with a forecast for 2030 and 2040 (in 1,000 metric tons) [Graph]. In Statista. Retrieved July 15, 2025, from https://www.statista.com/statistics/1330765/ev-industry-mineral-demand-worldwide-by-type/
Mining Technology. "Electric vehicle industry demand of selected minerals worldwide in 2020, with a forecast for 2030 and 2040 (in 1,000 metric tons)." Chart. February 10, 2022. Statista. Accessed July 15, 2025. https://www.statista.com/statistics/1330765/ev-industry-mineral-demand-worldwide-by-type/
Mining Technology. (2022). Electric vehicle industry demand of selected minerals worldwide in 2020, with a forecast for 2030 and 2040 (in 1,000 metric tons). Statista. Statista Inc.. Accessed: July 15, 2025. https://www.statista.com/statistics/1330765/ev-industry-mineral-demand-worldwide-by-type/
Mining Technology. "Electric Vehicle Industry Demand of Selected Minerals Worldwide in 2020, with a Forecast for 2030 and 2040 (in 1,000 Metric Tons)." Statista, Statista Inc., 10 Feb 2022, https://www.statista.com/statistics/1330765/ev-industry-mineral-demand-worldwide-by-type/
Mining Technology, Electric vehicle industry demand of selected minerals worldwide in 2020, with a forecast for 2030 and 2040 (in 1,000 metric tons) Statista, https://www.statista.com/statistics/1330765/ev-industry-mineral-demand-worldwide-by-type/ (last visited July 15, 2025)
Electric vehicle industry demand of selected minerals worldwide in 2020, with a forecast for 2030 and 2040 (in 1,000 metric tons) [Graph], Mining Technology, February 10, 2022. [Online]. Available: https://www.statista.com/statistics/1330765/ev-industry-mineral-demand-worldwide-by-type/
