BASE METALS

World battery demand to rise 33% to 890GWh in 2023: LGES

Leading lithium-ion batteries manufacturer LG Energy Solutions forecasts global battery market demand will rise by 33% year-on-year to 890GWh - and expects its own capacity to reach 300GWh by the end of the year.

 Along with EVs, LGES makes batteries for mobility, IT, and energy storage systems.

Along with EVs, LGES makes batteries for mobility, IT, and energy storage systems.

North America is the region forecast to lead the global expansion, with growth in the "mid-to-high" range of 60%, the South Korea-based company said. The European market's year-on-year percentage growth...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.