Investor Presentaiton
EV sales continue to grow despite macroeconomic headwinds
COMMODITY
SUPPLY AND DEMAND
EV BY UNIT SALES (M)
COBALT
LITHIUM
(chemical)
NICKEL
(sulphide and laterite)
Refined supply including secondary
Refined consumption
+12%
kt
350
+12%
300
250
EV share in total car sales, % (lhs)
mn EV vehicles sold (rhs)
40
38
40
38
200
36
36
150
34
34
100
32
32
2021
2022
2023
2024
2025
2026
30
30
28
26
LCE kt
24
+24%
2 000
22
+24%
20
1 500
18
1 000
16
14
500
12
10
0
2021
2022
2023
2024
2025
2026
8
6
4
4
22222 612 - 06 +
28
26
24
20
18
14
10
8
2
2
+8%
kt
0
0
21
22
23e
24f
25f
26f
4 500
+8%
4 000
Penetration rate fct 08/23 (%)
UK
3 500
Penetration rate fct 10/23 (%)
Japan
3 000
China
Korea
2 500
EU27
US
2 000
Norway
Other
2021
2022
2023
2024
2025
2026
Source: S&P Global Market Intelligence: nickel, cobalt, lithium (10/2023)
17
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