With the rise of electric vehicles, the demand for battery materials is growing rapidly.

With the improvement of global environmental awareness, electric vehicles have attracted more and more attention and favor. One of the most important components of electric vehicles-batteries, has therefore become a popular product on the market. However, the popularity of electric vehicles will lead to a substantial increase in the demand for battery materials. How big is this market and which materials will become mainstream?

First of all, the growth in demand for battery materials is obvious. According to data from consulting firm Roskill, the global battery raw material market was about $25 billion in 2018 and is expected to reach $70 billion by 2025. This growth will mainly come from increased demand in areas such as electric vehicles, energy storage systems and renewable energy.

Second, what are the main components of electric vehicle battery materials? Metals such as lithium, nickel, cobalt, manganese, and aluminum are all used to varying degrees. Among them, cobalt is one of the most common raw materials, but its price fluctuates greatly. In order to cut costs, more and more manufacturers are using other metals, such as manganese or aluminum, instead of cobalt. In addition, with the advancement of technology, new battery materials are also emerging, such as solid-state batteries, lithium-sulfur batteries and lithium-air batteries, which are expected to become the mainstream materials for electric vehicle batteries in the future.

However, the growth of battery materials has also brought some problems. The first is battery recycling. Batteries need to be recycled after they are discarded, otherwise they will cause serious pollution to the environment. The second is the gap in the supply chain of battery materials. The production of battery materials requires a large amount of rare metals, but the supply of these metals is very limited. Therefore, battery manufacturers need to find new supply methods to meet market demand.

To sum up, the rise of electric vehicles has not only brought the benefits of environmental protection and energy saving, but also stimulated the growth of the battery materials market. In the future, with the emergence of new battery materials and technological advances, the performance of electric vehicle batteries will continue to improve, and we will also usher in a better travel experience.