Decarbonizing transportation rests on scaling up electric vehicle production rapidly and massively, and that rests on scaling up battery mineral mining and refining. Batteries are also necessary to a greater and greater degree for scaling up renewable energy deployments in an efficient and effective manner. Benchmark Mineral Intelligence, a leading … [continued]
In July 2020, I interviewed the EV battery mineral experts at RK Equity for the first time. The core story was clear: there was growing demand for electric vehicles, but not enough investment in EV battery mineral mining, and lithium mining in particular. The result was as predictable as could … [continued]
Driven primarily by projected electric vehicle (EV) demand, the global lithium-ion battery industry and its associated supply chain have committed more than $600 billion in funding towards launching new electric vehicle models. This includes large-scale investment in mineral extraction, chemical processing, anode and cathode production, cell production, recycling facilities, and … [continued]
I’ve spoken to half a dozen or so EV battery mineral experts in the past several months with one prime objective: understanding how much battery mineral supply can ramp up by 2030 and what that means for potential market share of electric vehicles in the overall auto market. Naturally, my … [continued]
In the second half of this CleanTech Talk podcast interview, CleanTechnica CEO Zach Shahan continues his talk with Caspar Rawles, Head of Price Assessments at Benchmark Mineral Intelligence, to delve into the battery supply chain. You can listen to the full conversation in the embedded player below. Below that embedded SoundCloud … [continued]
In the first half of this CleanTech Talk podcast interview, CleanTechnica CEO Zach Shahan sits down with Caspar Rawles, Head of Price Assessments at Benchmark Mineral Intelligence, to discuss the battery supply chain.
Tesla revealed at its Battery Day this week that it intends to produce 3 terawatt-hours (TWh) of batteries a year by 2030. That’s more than Benchmark Mineral Intelligence (aka Benchmark Minerals) was forecasting for all lithium-ion battery production combined before Battery Day.
While many may think of lithium, cobalt, and maybe now nickel when they think of Tesla batteries, there are a lot more components that go into the creation of an electric vehicle’s battery. Mining.com earlier this year launched its EV Battery Metals Index to specifically measure the value of metals that are used in batteries.
Vivas Kumar is a Principal at Benchmark Mineral Intelligence, a market intelligence firm covering the electric vehicle industry. He previously managed the global lithium-ion battery supply chain at Tesla (2016–2019). Kumar was responsible for sourcing over 100 materials used to make batteries at Tesla.
Another month has passed, and yet another 89 gigawatt-hours (GWh) of lithium-ion battery factory capacity has been added to the planning pipeline for production in 2023. This represents growth of 9% in just a single month (more than 100% annualized growth)!
