CHART: Study predicts over 400% increase in copper, lithium, nickel battery demand
BloombergNEF turns super bullish about metals demand for batteries – ups forecast 35% to 2.7 terawatt hours per year by 2030 as electric cars take off.
The battery cell maker is working on the first section of the factory, in Skellefteå in the north of Sweden, which will be completed in 2020 and produce eight gigawatt cell capacity per year.
The takeover offer, which expires next week, offers great exploration potential because Avanco owns a vast landholding in the copper and iron ore-rich Carajás region, second only to giant Vale.
The country's car industry currently employs about 840,000 people, with 210,000 of them working on powertrain production, the sub-sector set to be the worst hit.