Now Reading: EV surge could trigger new commodity supercycle, JPMorgan says
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EV surge could trigger new commodity supercycle, JPMorgan says
A modern EV requires about 200 kg of minerals, compared to 35 kg for a conventional car, according to investor Advait Arora. JPMorgan data shows global EV sales reached 18 million in…
The Story in Brief
A modern EV requires about 200 kg of minerals, compared to 35 kg for a conventional car, according to investor Advait Arora. JPMorgan data shows global EV sales reached 18 million in 2024, with China holding a 60% share. In India, electric car sales surged 82% year-on-year to 31,788 units in July 2026, driven by high fuel prices. Tata Motors led the domestic market with a 43% share. Industry estimates suggest annual EV sales in India could approach 1 million by 2030, up from 176,817 in 2025. Investors are advised to look beyond carmakers to miners and battery manufacturers.
The Indian Opinion
The supercycle narrative ignores how quickly battery chemistry can shift. Sodium-ion and solid-state alternatives could cap lithium and graphite demand. China's early mover advantage is real, but India's test is not just mining, it is building processing plants. The question is: will India's first graphite anode factory come online before 2028?
Source: businesstoday.in
This story was synthesised by AI from the source linked above.
