Key drivers for growth in lithium use for lithium ion batteries
- The lithium ion battery has captured nearly 100% of the portable computer and communications market and gaining share in the consumer electronics market such as power tools.
- The Tesla/Panasonic lithium ion battery ‘gigafactory’ under construction in Nevada USA will be the world’s largest and most advanced battery factory. The factory will be completed in 2017 and will produce up to 500,000 batteries per annum by 2020.
- Additional factories are being built in Asia whilst a number of companies are considering battery production in Europe. Lithium battery projects have been announced by SDI Samsung (Hungary), Daimler (Germany), Nissan (UK), and Northvolt (Sweden).
- Most major car manufacturers have now introduced vehicles using lithium ion batteries.
- Roskill anticipates that lithium battery consumption in the automotive sector will increase from 18.3MWh in 2015 to 143.4MWh in 2025.
- China is a growing market for lithium ion batteries with the support of government initiatives such as subsidies of ~$10k for purchases of electronic vehicles.
- Roskill anticipates that growth in energy storage systems for grid and off-grid will increase from 327MWh in 2015 to 5.8GWh in 2025.
- Stormcrow projects that world lithium consumption will increase from 200kt LCE in 2015 to 300kt LCE in 2020 and 400kt LCE in 2025.
World Market – rechargeable lithium batteries by end-use
LCE in Batteries
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