Visualizing the Future Demand for Battery Minerals
July 1, 2024

By  Article & Editing Bruno Venditti Graphics & Design Alejandra Dander

The Future Demand For Battery Minerals


Battery minerals are vital for the clean energy transition. They power cost-effective, on-demand energy systems and are at the core of decarbonizing transportation.


In this graphic, our sponsor Sprott examines the growth in demand for battery metals, as well as potential supply constraints.


Exploring Mineral Growth to 2040


Demand for battery metals is set to skyrocket in the coming years. Let’s break down the expected growth between current usage and the projected demand in 2040, based on a Net Zero Emissions Scenario (NZE): 

Mineral Demand (kilotonnes) 2022 2040P (NZE)
Copper 6,062.6 kt 20,677.8 kt
Cobalt 68.3 kt 258.5 kt
Lithium 73.3 kt 1,187.5 kt
Nickel 460.6 kt 4,344.8 kt
Graphite 552.8 kt 4,540.4 kt
Manganese 187.4 kt 1,507.3 kt

The raw materials that batteries use can differ depending on their chemical compositions. However, these metals are considered critical for EVs and energy storage.


For example, the cells in the average battery with a 60 kilowatt-hour (kWh) capacity—the same size that’s used in a Chevy Bolt—contained roughly 185 kilograms of minerals.


Supply Gap in 2030

The growing demand for these battery metals is raising concerns over supply. Predicted shortages are expected to emerge by or before 2030, according to Energy Transitions Commission:

Mineral Supply gap in 2030P
Copper -10%
Nickel -15%
Lithium -30%
Cobalt -40%

The rising demand for key minerals, driven in part by the move to EVs, could result in a supply gap that provides a potential investment opportunity in mineral exploration and mining companies.


Copyright © 2024 Visual Capitalist

VVC Exploration Corporation Files Annual Financial Statements

August 19, 2026
TORONTO, Aug. 19, 2026 - VVC Exploration Corporation, dba VVC Resources (“VVC” or the “Company”) (TSX-V: VVC and OTCQB: VVCVF) is providing an update to its previous news release dated May 21, 2026, regarding the status of its delayed annual financial filings. The annual financial statements and the Management's Discussion and Analysis ("MD&A") for the year ended January 31, 2026 were filed on SEDAR+ on August 18, 2026. With the Year-end Financials completed, the Company is working diligently on preparing the financial statements and MD&A for the three months ended April 30, 2026 (collectively the "Interim Financials"). The Company expects to be able file the Interim Financials prior to August 31, 2026. As such, the Failure-to-File Cease Trade Order ("FFCTO") against the Company will remain in place until such time as the Company's Interim Financials and related officer certifications are filed on SEDAR+. The delay in completing the Required Filings resulted from additional time required to finalize certain accounting and financial reporting matters in connection with the Company's year-end reporting process. About VVC Resources VVC engages in the exploration, development, and management of natural resources - specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset, high-growth projects, comprising: Helium & industrial gas production in western U.S.; Gold & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based, publicly-traded company on the TSXV (TSX-V:VVC). To learn more, visit our website at: www.vvcresources.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

VVC Exploration Corporation Announces Director Resignation

June 19, 2026
TORONTO, June 19, 2026 - VVC Exploration Corporation, dba VVC Resources ("VVC" or the "Company") (TSX-V: VVC and OTCQB: VVCVF) announces that Mr. Bruno Dumais resigned as a Director of the Company. The Board of Directors has accepted Mr. Dumais' resignation with regret, and thanks him for his valuable contributions and dedicated service to the Company. Jim Culver, CEO of VVC, commented: "On behalf of the Board and management, I would like to express our deep appreciation to Bruno for his commitment to VVC. We value the insight and guidance he has provided during his tenure and wish him continued success in his future endeavors." The position on the Board of Directors will be left vacant until a new candidate can be appointed to fill the vacancy. About VVC Resources VVC engages in the exploration, development, and management of natural resources - specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset, high-growth projects, comprising: Helium & industrial gas production in western U.S.; Gold & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based, publicly-traded company on the TSXV (TSX-V:VVC). To learn more, visit our website at: www.vvcresources.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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