Related mineral demand forecast under the development of global new energy automobile

Since 2015, the global new energy automobile industry has developed rapidly whose production and sales have continued to grow.Due to the need for new minerals for power batteries, motorization and lightweighting will have an important impact on the demand for related minerals.This paper analyzes the development trend of electric vehicles, plug-in hybrid vehicles and hybrid vehicles and analyzes demand of lithium, cobalt, nickel, copper and aluminum in new energy vehicles fields from three aspects:power battery, automobile electrification and body weight reduction.Finally, the paper forecasts the global demand for these five mineral resources to 2035.The paper concludes that in 2035, new energy vehicles including pure electric vehicles and plug-in hybrid vehicles will expand their global market share to 37%, and hybrid vehicles will expand to 33%.Driven by the development of new energy automobile industry, lithium, cobalt, nickel, copper and aluminum will increase global total consumption to 16 times, 4 times, 2.4 times, 1.6 times and 1.3 times respectively in 2035.