These sort of articles are always interesting, not for what they say, but for what they miss out.....
"Woodmac is not lowballing demand growth for lithium and the authors expect demand to grow from 233 kilotonnes (kt) in 2017 to 330kt of lithium carbonate equivalent in 2020 and 405kt in 2022, but:"
Growth in demand for lithium from 233kt in 2017 to 402kt in 2022, is growth in demand of ~12%/a. How does that compare to the last couple of years, pretty low!!
The statement made about "Woodmac is not lowballing demand", seems IMHO to lack a bit of credibility, based on what car makers are spending on research and development of EVs.
We all know that there is an acceleration of research/development/building/advertising of EVs, buses and now trucks, plus battery storage, so why would demand growth decelerate, as pertained by this article??
I'm obviously back from my "holiday" from HC. Thanks Madmin, Ken, Evelyn, Liz, and Stephen, you know who you are, enough said about that, let's keep moving forward.
PLS - Lithium related news, page-12
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