Forecast and Suggestions on the Demand of Lithium, Cobalt, Nickel and Manganese Resources in China's New Energy Automobile Industry

Abstract

As the key resources of power battery production, lithium, cobalt, nickel and manganese have become important factors to ensure the healthy development of new energy automobile industry. In this paper, the distribution and application status of lithium, nickel, manganese and cobalt resources are introduced and briefly analyzed. Combined with the development trend of new energy automobile industry, the demand of lithium, cobalt, nickel and manganese resources in China's new energy industry is reasonably predicted. It is estimated that during 2021-2025, 76,000 tons of lithium, 88,200 tons of cobalt, 219,600 tons and 128,000 tons of manganese will be consumed. Because there is a big gap between supply and demand of resources, it is suggested to enhance the development of local resources, optimize the overseas resource supply system and build a closed loop of resource recycling.