Mineral demand increase worldwide for energy tech

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
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-

Download

Source

Show detailed source information?

Already a member?

Sources

Use Ask Statista Research Service

Release date

2021

More information

Region

Worldwide

Survey time period

2018

Supplementary notes

*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.

Citation formats