Australia’s metal and mining sector in the driver’s seat for EV metals sprint

By 2030, electric vehicles – including both fully electric and plug-in hybrid models – are estimated to make up 35 per cent of new vehicle sales globally, according to a forecast included in the International Energy Agency’s annual Global EV Outlook report.

Benchmark Mineral Intelligence projects that $US514 billion needs to be invested across the battery chain globally to meet forecast demand in 2030 – some $US220 billion of that in upstream mining alone.