27 TS X V FC C OTC QX FTS S F C O B AL T MAR K E T G r ow i n g D e m a n d C or r e l a t e d t o L i I o n B a t t e ry M a rk e t 0 250 000 500 000 750 000 1 00 0 000 2039 2034 2015 2019 T o nne s C o 2020 2018 2016 2025 2017 2021 2022 2023 2024 2026 2027 2028 2029 2030 2031 2032 2033 2035 2036 2037 2038 2040 Gl o ba l C o ba l t De m a nd b y e nd us e t o nne s S upe r A l l o y s H a r d m e ta l s Mag n e t s H a r d F a ci ng C a ta l y s t s C e r a mi cs C o l o ur s T y r es s o a p s p a i n t d r i er s Ot he r s B a tt e r y E V m a r k e t g r ow th a t the e x p e ns e of t r a d it io n a l in t e r n a l c o m b u s t io n e n g in e I C E v e h ic le s C h in a s d o m in a n c e u n d e r p in n e d b y s u b s id ie s a n d t a r g e t s f o r e m is s io n s fr e e v e h ic le s a le s I n 2 0 2 0 E u r o p e h a s b e e n s t r o n g e s t m a r k e t to d a te G r o w t h a lm o s t e n t ir e ly d o m in a t e d b y t h e b a t t er y s ec t o r f u el ed b y E V p e ne tr a ti on D e m a n d t o o u t p a c e s u p p ly b y m id 2020s B e n c h m a r k M i n e r a l s R h o M o t i o n