Bloomberg estimates the world’s lithium battery-making capacity will more than triplefrom 175 gigawatt hours to 630GwH by 2022.
Battery metals data leader Benchmark Minerals Intelligence had similar forecasts.
It says there were 42 battery mega factories built or in the pipeline by August this year – up from three in 2015.
In September that number had already increased to 45, and by November 2018 that number was over 50.
By 2028 these mega battery factories — such as the gigafactories being built by Elon Musk’s Tesla — would need 840,000 tonnes per year of lithium.
But these projections are constantly being revised upwards, as the rapid pace of development amazes even the most bullish of analysts.
hmmm.........cheers to all long holders
re:Lithium demand surge, page-1123
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