Understanding the Critical Materials in Lithium-Ion Batteries: Trends in Demand, Supply, and Sustainability

Lithium-ion batteries (LIBs) play a crucial role in driving a sustainable and low-carbon future. However, their rapidly growing demand has heightened concerns about securing a stable, sustainable, and affordable supply of critical raw materials. Beyond sourcing, processing and refining capacities must also expand to support the production of battery-grade chemicals. Additionally, there is increasing scrutiny on the environmental and social impacts of LIBs across their entire lifecycle, with raw material sourcing and production being one of the key concerns. As a result, advancements in mining, processing, and refining technologies for these minerals are more critical than ever to build a resilient and sustainable supply chain for the energy transition. The demand for critical battery materials will triple in market value, exhibiting a 10.6% CAGR between 2025-2035.

 

IDTechEx's new report, "Critical Battery Materials 2025-2035: Technologies, Players, Markets and Forecasts", examines trends in demand for critical materials used in lithium-ion batteries, their global supply from mining, their production routes and the associated carbon emissions. This webinar will cover just some of the key narratives discussed in the report, including:

 

More details and segmented 10-year critical battery materials demand forecasts can be found in IDTechEx's comprehensive report "Critical Battery Materials 2025-2035: Technologies, Players, Markets and Forecasts". A comprehensive analysis of five materials vital to lithium-ion batteries—lithium, cobalt, copper, nickel, and natural graphite—is provided in this report with a coverage spanning across extraction technologies, production routes, supply outlooks from terrestrial mining. The report also examines the prospects of deep-sea mining, detailing key players along the marine mineral value chain and their activities.