The transition toward electric vehicles and renewable energy storage hinges heavily on battery metals, like lithium, cobalt, and nickel, and with that comes the ever-increasing demand for the resources. Understanding battery metal consumption per GWh is crucial for various stakeholders, from policymakers and industry leaders to investors and environmental advocates.

The clear development path of nickel-rich batteries and the unexpected global embrace of lithium iron phosphate have significantly disrupted forecasts for lithium. This, coupled with the emerging trend of smaller battery packs and a slower rate of adoption suggests a potential for a substantial overestimation of future lithium demand.