Tuesday, June 14, 2011 11:43:52 PM
“The annual demand for electrolytic manganese dioxide is currently around 270,000 tonnes. The rise of electric vehicle sales to approximately 10 million units per year, which according to industry projections could occur between 2015 and 2020, could increase the annual demand for EMD to about 5 million tonnes,” stated Mike Macleod.
While the 10 million electric vehicles in the next ten years my seem far-fetched, dramatic advancements in battery technology could make it a reality. Ford Motors (NYSE:F) Chairman, Bill Ford recently stated in an article for Fortune magazine, “I would say that about 25 percent of Ford’s fleet will be electrified by 2020.” He added that the company is hedging its bets by producing hybrids as well, however, both types of vehicles need electrical storage, and increases in battery performance will increase demand for the vehicles.
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