Investor Presentaiton
Electrification - Critical Minerals Supply will need to Increase
Electrification and the global energy transition is
substantially raising demand for certain minerals and
metals.
30
Projections for rare earth permanent magnet use in electric vehicles, 2020-2030
• Solar and wind power generation, grid expansion and
electromobility (motors and batteries) will be the main drivers
for critical minerals
•
For many materials, the additional quantities are not that
significant compared with total consumption; for example,
copper and nickel
-
Some materials - such as rare earth elements and lithium
have historically had few significant uses therefore the effect
of growth in demand can, in relative terms, be very significant
Investor Presentation October 2022
Million motors
10
20
0
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
PM motors
Non-PM motors
Source: Adapted from Onstad, 2021.
Note: Estimates of motors used in battery and fuel cell electric vehicles. Permanent magnet (PM) motors are axial flux per-
manent magnets and surface-mounted permanent magnets. Non-PM motors are of the current-excited wound synchronous
and induction types.
www.desertmetals.com.au
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