Forecast share of global mineral demand for energy storage by type 2050

Published by
Madhumitha Jaganmohan,
Apr 25, 2024
Graphite is a key mineral for the development of energy storage technologies. By 2050, the demand for graphite in energy storage applications is expected to account for nearly 54 percent of the overall mineral demand for energy storage, as graphite is used for the anode in many types of batteries. Nickel is forecast to account for the second-largest share of energy storage mineral demand at that time, as nickel is used for the cathode part of many battery types.

Forecast distribution of mineral demand for energy storage worldwide in 2050 by type

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Release date

May 2020

Region

Worldwide

Survey time period

as of 2020

Supplementary notes

* Including aluminum, copper, chromium, iron, vanadium, and zinc.
Projection under the two degrees scenario.
The sum of the shares amounts to 99.6 percent due to rounding.

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