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.


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October 9, 2025
TORONTO, Oct. 09, 2025 - VVC Exploration Corporation, dba VVC Resources ("VVC" or the "Company") (TSX-V: VVC; OTC: VVCVF) announces that Plateau Helium Corporation ("PHC"), a wholly owned subsidiary of the Company, has completed the purchase of the Ithaca 1-17 well together with approximately five miles of associated pipeline located in Rush county, Kansas in a prolific helium, gas and oil area known as the Central Kansas Uplift (CKU). The acquisition was initiated in April 2025 and PHC took possession in July 2025. As previously disclosed in our May 30, June 26 and September 2025 MD&As, PHC has a 50% operating interest in the well. The CKU Project targets helium-rich natural gas within multiple stacked reservoirs in Rush and Pawnee Counties, Kansas, where PHC has now assembled a meaningful lease position, acquired one producing property (Ithaca 1-17) and associated gas gathering system, and identified multiple development well locations. The acquisition of an existing gas gathering system serves to lower initial development cost while expediting the time needed to commence gas/helium sales and provide cashflow. « Building on a producing asset while securing midstream capacity is a practical way to de-risk our development program in the CKU, » said Bill Kerrigan, President of VVC and PHC. « The Ithaca 1-17 well and pipeline give us a backbone to bring wells online more efficiently. » 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.
September 29, 2025
VVC announces its strategic development of the Central Kansas Uplift ("CKU") Project, an initiative being advanced through VVC’s wholly owned subsidiary, Plateau Helium Corporation ("PHC").
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