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JUNE 2022 I SMT007 MAGAZINE 31 The EV Critical Battery Materials Boom WHERE DOES THE LITHIUM ORE COME FROM? Source: Atlassons Business Services Private Limited The average 70 kw/h EV battery pack contains 18 lbs. 77 lbs. 31 lbs. Source: Energy X AS EV SALES INCREASE, MORE LITHIUM WILL BE NEEDED United States China All other countries 2017 2030 25M 1M Source: Bloomberg, NEF, Marklines Expected growth in demand for minerals needed to make EV batteries by 2050 Source: PBS

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