South Korea's demand for key minerals for electric vehicles and wind power is projected to increase 19-fold by 2040, according to KEEI.
South Korea's demand for key minerals, like lithium, nickel, manganese, cobalt, neodymium, praseodymium, dysprosium, and terbium, is expected to soar 19-fold by 2040 due to the expansion of electric car and wind power industries, according to a report by the Korea Energy Economics Institute (KEEI). This is due to the increased sales of electric vehicles in the country, forecasted to increase by 11 times by 2040.
March 03, 2024
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