Global EV sales to top three million by 2022, doubling lithium demand

The global market for electric vehicles (EV) is expected to grow at a substantial CAGR of 15.6% through to 2022, driven by the growing popularity of EVs across countries in Asia-Pacific and Europe, says leading data and analytics company GlobalData.

This is turn will drive increased consumption of lithium, as it is needed for the production of lithium-ion batteries. This will support investment in mine expansions across Chile and Australia and new mine development in Chile, Australia, Argentina, and Canada

 

European Metals Holdings (LON:EMH) through its wholly owned subsidiary Geomet s.r.o controls the mineral exploration licences awarded by the Czech State over the Cinovec Lithium/Tin deposit in the Czech Republic. As one of the worlds largest lithium deposits, situated in the heart of Europe, the 2nd largest user of lithium in the world, the project is well positioned to supply the increasing energy storage and electric vehicle segments with its underlying building block.

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