Acquisition of Western Areas Limited
2020
2021
GWh/year
5,000
4,500
4,000
~7x increase by 2030
3,500
3,000
2,500
2,000
1,500
1,000
500
~13x increase by 2035
Mt
3,000
2,500
2022
2,000
T
■E-buses
■Stationary storage
■Commercial EVs
2023
T
2024
T
2025
T
2026
т
2027
2028
2029
2030
1,500
1,000
Enhances exposure to the EV and clean energy metal thematic
IGO is a direct beneficiary of increasing lithium-ion battery demand through Ni and Li
Lithium-ion battery demand outlook (GWh/year)1
igo
Nickel & Lithium demand from lithium-ion batteries (tonnes)1
...Lithium demand to increase ~11x
2031
Nickel demand to increase ~7x
1. Source: Bloomberg NEF - October 2021.
■Consumer electronics
■ Electric two-and three-wheelers
■Passenger EVs
2032
T
2033
T
2034
500
2035
Battery demand set to increase significantly as
passenger EV adoption rates accelerate
Nickel and Lithium expected to be strong beneficiaries
of increased battery demand
2020
2021
2022
2023
2024
2025
2026
■Lithium (LCE) ■ Nickel
2027
2028
2029
2030
2031
2032
2033
2034
2035
10View entire presentation