A surplus of key metals is expected to shift to a major deficit within a decade.
Chinese companies are expected to control 46% of the cobalt supply by 2030.
Copper content in EVs has steadily decreased over the past decade, even as overall copper demand rises due to the increasing adoption of EVs.
Cell prices have fallen 73% since 2014.
Chinese companies are expected to hold nearly 70% of global battery capacity by decade's end.
Investment in batteries is expected to surpass $1.6 trillion by 2040.
The Democratic Republic of Congo accounts for 74% of the world's cobalt output.
In this graphic, Visual Capitalist has partnered with EnergyX to explore the growth of global clean energy investment.
Visual Capitalist has partnered with EnergyX to show why drops in prices and growing demand may make now the right time to invest in lithium.
Asia dominates this ranking of the world's largest EV battery manufacturers in 2023.
