Electric Vehicle Metals Market Top Key Players – Nornickel, Glencore, NQ Minerals, AMG Advanced Metallurgical Group, Cobalt27 Capital Corp., Neometals, BHP Group, Jinchuan International Group Resources Co. Ltd, First Quantum Minerals, Largo Resources, L
Reduce the supply of key metals needed to produce efficient, high-performance electric vehicles. The production of some of these metals, such as nickel, praseodymium, neodymium, cobalt, dysprosium and lithium, will have to triple over the next ten years to meet the projected global demand for electric vehicles.
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RECENT ELECTRIC VEHICLE METALS MARKET DEVELOPMENTS AND INNOVATIONS
• AI Based mineral exploration company has signed contract to search EV based Metals in Greenland – UK
• Phillips 66 to acquire stake in NOVONIX as demand for EV battery materials rises –USA
• US Initiative towards Battey Metals –USA
GLOBAL ELECTRIC VEHICLE METALS MARKET DYNAMICS
• The demands on the electric vehicle cabins of the future are very high: car drivers expect the same seamless connectivity they are used to with their smartphones; safety standards in the automotive industry are very strict and car makers want flexible systems at the lowest possible cost.
• The EV industry is clearly undergoing a period of intense growth that will drive long-term demand for key metals. However, experts have not yet come to a consensus on market growth forecasts. One of the most likely incentives for the expansion of electric vehicles will be the policies of many developed countries' governments to introduce a wide range of incentives to promote the production of environmentally friendly cars, up to a complete ban on the sale of cars with internal combustion engines.
• Given the growing demand for metals, production can be expected to increase. This expansion can lead to serious environmental and social problems at the local level, so it is imperative that extraction is carried out in the most environmentally friendly and equitable manner possible.
GLOBAL ELECTRIC VEHICLE METALS MARKET SEGMENTATION
The Global Electric Vehicle Metals Market can be segmented into following categories for further analysis.
By EV Battery Based on Metals Type
• Lithium Nickel Manganese Cobalt (Li-NMC)
• Lithium Iron Phosphate (LFP)
• Lithium Cobalt Oxide (LCO)
• Lithium Titanate Oxide (LTO)
• Lithium Manganese Oxide (LMO)
• Lithium Nickel Cobalt Aluminium Oxide (NCA)
By Vehicular Usage Type
• Light Motor Vehicles
• Light Commercial Vehicles
• Specialised Vehicles
• Heavy Commercial Vehicles
By Automotive Steel Classification
• Ultra-high Strength Hot forming Steel
• High Strength Steel
• Reinforced Steel
• Plain Steel
• Advanced High Strength Steel – Automotive Class
By Processing Placement Area
• Body Structuring
• PowerTrain / Drivetrain
• Internal Component parts
• External Feature Parts
• Sensor Systems
• Chassis Structure
• Engine Systems
By Regional Classification
• Asia Pacific Region – APAC
• Middle East and Gulf Region
• Africa Region
• North America Region
• Europe Region
• Latin America and Caribbean Region
RECENT MARKET TECHNOLOGICAL TRENDS IN GLOBAL ELECTRIC VEHICLE METALS MARKET
• Critical metals are also used as a lever of political influence. Moreover, mining is sometimes associated with human rights violations and often causes significant environmental damage. As the global demand for critical metals increases, so does the risk of geopolitical conflicts. Supply constraints or temporary disruptions can delay the widespread adoption of sustainable energy technologies (e.g. electric transport).
• Dependence on certain metals can be reduced by replacing base metals with alternatives. From a social point of view, this appears to be the easiest option, but it is difficult and can reduce productivity and efficiency. Critical metals such as cobalt are used in the production of electric vehicles such as engines and batteries. Over the past few years, much media attention has been focused on growing worldwide concern about the growing dependence on these essential metals.
• NQ Minerals
• AMG Advanced Metallurgical Group
• Cobalt27 Capital Corp.
• BHP Group
• Jinchuan International Group Resources Co. Ltd
• First Quantum Minerals
• Largo Resources
• Lynas Corporation
• RNC Minerals
• Ardea Resources
Read More Information: https://mobilityforesights.com/product/electric-vehicle-metals-market/
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