Not Nickel, This is the Most Demanded Mineral in the Electric Vehicle Industry

Technology & Telecommunications

Lite

Adi Ahdiat 31/07/2023 19:40 WIB

URL has been copied

Memuat...

According to the International Energy Agency (IEA), the mineral most needed by the electric vehicle industry in 2022 was graphite.

Global Demand Volume for Minerals in the Electric Vehicle Industry (2022)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Not Nickel, This is the Most Demanded Mineral in the Electric Vehicle Industry

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Global Demand Volume for Minerals in the Electric Vehicle Industry (2022)

Download

Source

A Small Font
A Medium Font
A Bigger Font

The electric vehicle industry requires a variety of critical minerals for battery and component production.

According to the International Energy Agency (IEA), the most demanded mineral by the electric vehicle industry is graphite.

The IEA estimates that global demand for graphite in electric vehicle production reached 557,200 tons in 2022.

The next most demanded critical minerals are copper, nickel, manganese, lithium, and cobalt.

Meanwhile, the demand for other minerals, such as silicon, neodymium, praseodymium, dysprosium, and terbium, is significantly lower, as shown in the graph.

In total, the global electric vehicle industry is estimated to have used 1.47 million tons of critical minerals in 2022.

Demand for these minerals is projected to increase in the future, driven by the growing trend of electric vehicles and clean technologies.

The IEA projects that demand for graphite, copper, and lithium could increase by at least 2-3 times, while nickel demand could increase by at least 1.5 times by 2030 compared to current levels.

This projected growth in demand is expected to come from the electric vehicle industry, renewable energy batteries, and low-emission power plants.

The IEA also believes this will attract increased investment in the mining and mineral processing sectors.

"Based on our analysis of investment flows in the world's 20 largest mining companies, there has been a strong increase in capital expenditure for critical minerals, driven by the momentum of clean energy development," stated the IEA in its *Critical Minerals Market Review 2023*.

"Companies in the lithium sector increased capital expenditure by up to 50%, followed by copper and nickel companies. Chinese-based companies even doubled their investments in 2022," it continued.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

Related Data

6 Provinces in Sumatra with the Most Active Mineral and Coal Mining Permits

A Series of Environmental Issues the Government Needs to Resolve, According to Indonesian Citizens

Eco-Friendly Activities Commonly Practiced by the Middle Class

The Challenges for Indonesia's Middle Class in Adopting an Eco-Friendly Lifestyle

List of Persija Jakarta's Championship Titles Over 97 Years Since Its Founding

Number of Workers at PT IMIP's Nickel Industrial Zone Continues to Rise from 2020-2025

Latest Data Stories

Population of Male Cattle Suitable for Slaughter, Period 2013-2024 Demographics 05/12/2025, 11:13 WIB

Aluminum Prices Fall to US$2,459 per Ton as of Thursday, May 22, 2025 Market 05/12/2025, 10:58 WIB

Tin Price Falls to US$32,550 per Ton on Thursday, May 22, 2025 Market 05/12/2025, 10:57 WIB

Three-Month Coffee Contract Price - US Coffee C Futures Rise Towards 370.3 Pounds per Pound (Wednesday, May 21, 2025) Market 05/12/2025, 10:48 WIB

Today's Antam Gold Price Drops to Rp. 1.91 Million per Gram Mining 05/12/2025, 10:47 WIB

Nickel Commodity Price for 3-Month Forward Contract This Morning Traded at US$15,505/Ton (Wednesday, May 21, 2025) Market 05/12/2025, 10:31 WIB

Download

Source

Not Nickel, This is the Most Demanded Mineral in the Electric Vehicle Industry

Not Nickel, This is the Most Demanded Mineral in the Electric Vehicle Industry

Tags

Related Data

6 Provinces in Sumatra with the Most Active Mineral and Coal Mining Permits

A Series of Environmental Issues the Government Needs to Resolve, According to Indonesian Citizens

Eco-Friendly Activities Commonly Practiced by the Middle Class

The Challenges for Indonesia's Middle Class in Adopting an Eco-Friendly Lifestyle

List of Persija Jakarta's Championship Titles Over 97 Years Since Its Founding

Number of Workers at PT IMIP's Nickel Industrial Zone Continues to Rise from 2020-2025

Latest Data Stories

Popular Data

Not Nickel, This is the Most Demanded Mineral in the Electric Vehicle Industry

Not Nickel, This is the Most Demanded Mineral in the Electric Vehicle Industry

Tags

Related Data

6 Provinces in Sumatra with the Most Active Mineral and Coal Mining Permits

A Series of Environmental Issues the Government Needs to Resolve, According to Indonesian Citizens

Eco-Friendly Activities Commonly Practiced by the Middle Class

The Challenges for Indonesia's Middle Class in Adopting an Eco-Friendly Lifestyle

List of Persija Jakarta's Championship Titles Over 97 Years Since Its Founding

Number of Workers at PT IMIP's Nickel Industrial Zone Continues to Rise from 2020-2025

Latest Data Stories

Trending Topics

Popular Data