The global demand for graphite for energy technologies (in the two-degree scenario) is forecast to grow by nearly 500 percent by 2050, as compared to the 2018 production volume. Lithium's forecast demand growth for energy technologies by 2050 is nearly as dramatic, at 491 percent compared to 2018. Energy storage applications are expected to be the main drivers of this dramatic growth in demand for graphite and lithium, as well as cobalt.
Demand increase forecast for minerals for energy technologies worldwide in 2050 in the two-degree scenario*
(in percent)
Characteristic
Demand increase relative to 2018
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*Demand increase relative to 2018 production levels, forecast based on the two-degree scenario. The two-degree scenario refers to the scientifically accepted limitation of global temperature increase to avoid the worst consequences of climate change.
The largest demand increases are expected to be observed from graphite, lithium, and cobalt, and are expected to come mainly from energy storage applications.
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Statista. (September 20, 2021). Demand increase forecast for minerals for energy technologies worldwide in 2050 in the two-degree scenario* (in percent) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1264891/forecast-global-mineral-demand-increase-for-energy-technologies-in-the-two-degree-scenario/
Statista. "Demand increase forecast for minerals for energy technologies worldwide in 2050 in the two-degree scenario* (in percent) ." Chart. September 20, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1264891/forecast-global-mineral-demand-increase-for-energy-technologies-in-the-two-degree-scenario/
Statista. (2021). Demand increase forecast for minerals for energy technologies worldwide in 2050 in the two-degree scenario* (in percent) . Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1264891/forecast-global-mineral-demand-increase-for-energy-technologies-in-the-two-degree-scenario/
Statista. "Demand Increase Forecast for Minerals for Energy Technologies Worldwide in 2050 in The Two-degree Scenario* (in Percent) ." Statista, Statista Inc., 20 Sep 2021, https://www.statista.com/statistics/1264891/forecast-global-mineral-demand-increase-for-energy-technologies-in-the-two-degree-scenario/
Statista, Demand increase forecast for minerals for energy technologies worldwide in 2050 in the two-degree scenario* (in percent) Statista, https://www.statista.com/statistics/1264891/forecast-global-mineral-demand-increase-for-energy-technologies-in-the-two-degree-scenario/ (last visited July 22, 2024)
Demand increase forecast for minerals for energy technologies worldwide in 2050 in the two-degree scenario* (in percent) [Graph], Statista, September 20, 2021. [Online]. Available: https://www.statista.com/statistics/1264891/forecast-global-mineral-demand-increase-for-energy-technologies-in-the-two-degree-scenario/
