In case anyone needed a visual reminder of how the EV revolution is adding fuel to the fire of the overall critical minerals challenge we’re facing, Visual Capitalist has put together a handy graphic depicting the material inputs for EV batteries.
Here’s a snippet – for the full graphic and context, click here.
The infographic uses data from the European Federation for Transport and Environment, which bases the mineral content on the ‘average 2020 battery’ — the weighted average of battery chemistries on the market in 2020. Friends of ARPN will recognize familiar elements: graphite, copper, manganese, nickel, aluminum, cobalt and, of course, lithium. (All of which – with the exception of copper – are U.S.-Government designated “Criticals.” To revisit our case for copper as a “Critical,” see HERE and HERE.)
As Visual Capitalist notes,
“The EV battery market is still in its early hours, with plenty of growth on the horizon. Battery chemistries are constantly evolving, and as automakers come up with new models with different characteristics, it’ll be interesting to see which new cathodes come around the block.”
Of course, as ARPN has consistently argued, the issue goes well beyond the “battery criticals,” and we’re thankful to see that as mainstream awareness is rising, so is the realization that our critical minerals challenge extends across vast swatches of the periodic table, and encompasses both sourcing and processing of many metals and minerals.
Some steps have been taken, but much more remains to be done. Against the backdrop of ever-increasing stakes, the time for stakeholders to act decisively to implement an all-of-the-above strategy on critical mineral security is now.