Scoping Raw Material Dynamics In Future Mobility

The automobile industry utilizes approximately 12% of Steel, 15% of Iron, 16% of Aluminum, 8%-14% of copper, 4% of Nickel, 40% of Cobalt, 35% of Lithium, 8% of Graphite and 10-15% of Rare Earth Elements, produced globally. A major share of raw material value will be devoted to battery materials that...

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Bibliographic Details
Published inBusiness world (India)
Main Author Jain, Pranav
Format Magazine Article
LanguageEnglish
Published New Delhi Athena Information Solutions Pvt. Ltd 02.06.2018
Subjects
Aluminum
Cobalt
Copper
Electric vehicles
Graphite
Lithium
Macroeconomics
Manufacturers
Manufacturing
OEM
Raw materials
Suppliers
Trace elements
Value chain
Asia
China
Australia
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Summary:The automobile industry utilizes approximately 12% of Steel, 15% of Iron, 16% of Aluminum, 8%-14% of copper, 4% of Nickel, 40% of Cobalt, 35% of Lithium, 8% of Graphite and 10-15% of Rare Earth Elements, produced globally. A major share of raw material value will be devoted to battery materials that include nickel, cobalt, lithium, graphite and rare earth elements. Rethinking The Macro Scenario Comparing the geographical distribution of major conventional raw materials including steel, Iron and plastics with the new set of focus materials including aluminum, copper, lithium, nickel, cobalt, graphite and rare earth elements, the ratio of value distribution between the conventional and new materials is 66%:44% or 3:2.
Bibliography:ObjectType-News-1
content type line 24
SourceType-Magazines-1
ISSN:0970-8197