Energy storage batteries utilize various raw materials, primarily focusing on lithium, lead, nickel, and cobalt, which are essential for their composition and performance. Averaged over the four years, Australia took the top spot with a 45 percent share, followed by Chile with 24 percent. Together, these two countries already accounted for more. The global demand for raw materials for batteries such as nickel, graphite and lithium is projected to increase in 2040 by 20, 19 and 14 times, respectively, compared to 2020. China will continue to be the major supplier of battery-grade raw materials over 2030, even though global supply of these. In this review, a comprehensive analysis is conducted regarding 28 raw materials and rare earth elements which are essential for the production of batteries, supercapacitors, and other storage systems, emphasizing their criticality, strategic importance, supply chain vulnerabilities, and associated. ost commercial Li-ion cathode chemistries. But behind this impressive performance lays a complex tapestry of raw materials that require careful sourcing and processing.
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