re:Lithium demand surge, page-894

Hi seberhardt
A nice summary. Just to add: Latest figures (Bloomberg) show that the sale of hybrids are falling dramatically due to the complexity of the drive train when compared to pure EVs. Also, they still burn fossil fuels, which is contrary to the aim of reducing emissions. So we can expect hybrids to die a natural death sooner than later. On your final point about stationary batteries using alternative tech I presume you are talking about vanadium. If so, consider that even though V flow batteries are viable, vanadium is much rarer than lithium and dangerous to mine and process. It is also highly sought after for the stainless steel industry to such an extent that current prices and demand preclude it from being economically viable for use in batteries (according to my research). Therefore, at this point in time I don't see V-flow batteries being much in the way of competition to lithium. That's the beauty of lithium - there's plenty of it (in the ground ) to facilitate growth, long into the future. In some perverse way I'm happy about the current "perceived" market negatives towards lithium because it limits new mine development in the short term, which will enhance the shortage dynamic in the face of wildfire demand. They are playing right into PLSs hands.