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By Shane Lasley
Metal Tech News 

Nearly $1 trillion needed for batteries

Metal Tech News - July 28, 2023


Last updated 8/1/2023 at 12:14pm

Computer graphic of lithium batteries imprinted with green digital dots.

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Nearly $1 trillion needs to be invested in the lithium batteries powering the energy transition, including heavy investments in the mining sector feeding raw materials into the supply chain.

Heavy investment in mining required to ensure enough raw materials are fed to EV battery gigafactories; key to energy future.

Benchmark Minerals Intelligence cautions that the gigafactories being erected around the world will be "about as useful as grain silos" unless hundreds of billions of dollars are invested in ensuring that there are plentiful supplies of the cobalt, graphite, lit...

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