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Posted on 310 ResearchAndMarkets.com’s offering. The global battery metals market was valued at $11. 3 billion in 2019, and is projected to reach $20. 5 billion by 2027, growing at a CAGR of 8. 2% from 2020 to 2027. Battery metals are the raw materials used in the production of batteries such as lithium, nickel, cobalt, manganese, and graphite. These battery metals are increasingly used in batteries for electric vehicles, consumer electronics, and other applications. Lithium metals are extracted from the brines and hard rock deposits present in the economies such as China, Americas, Australia, Canada, Brazil, and Portugal. Cobalt is most widely used as the cathode material in the lithium-ion batteries. Nickel is used in battery applications, owing to its high energy density and storage capacity.

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