PLS 2.96% $4.18 pilbara minerals limited

Good News & Bad News, page-694

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    Note that It took10 years to reach 1 mill EV sales, achieved in period 2006 through 2016. Battery packs consumed an averaged of 32kg of lithium. So lets do pant wetting math, 1 mill EV units x 32/1,000, thus 32,000 tonnes of lithium. If you actually read and understand the EU's recycling plan, they expect that only 35% of the recycled lithium will be suitable for battery use, therefore 11.2kt from those first 1 mill EV units. To be conservative lets double the available spent EV batteries that will be available in 2025 and, assume 45kg per EV, so 90kt, of which 35% (32kt) will be suitable for batteries, approximately 3.2% of lithium demand expected in 2025. The remainder of that recycled lithium will be good for lubricating the hinges on your letter box, or maybe other uses in your case.

    Please close the door on your way out, see ya......
 
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