Lithium Carbonate verses Lithium Hydroxide: Supply vs demand, page-10

Projections that the lithium market is oversupplied until 2023 are not worth the paper they are printed on.

All those experts project lithium demand rising by about 20% per year until then. This link is not the most authoritative but came up first in my google search. https://www.statista.com/statistics/452025/projected-total-demand-for-lithium-globally/

The reality on the ground is that battery electric vehicle sales are increasing, year on year, on a global scale, by 60-80%.

Nevemind that gigafactories are now being built by the dozen. Nevermind that every major car manufacturer now has plans to electrify and there are tens of billions of dollars committed to do so.

In a year or two, we will have the situation where there will not be enough lithium supply for all the gigafactories that will be in operation by then.

Even if the price of lithium doubles or triples as a result, the price of finished lithium ion batteries is likely to drop because the price of lithium is not the major factor in the price of those batteries.

The tsunami of vehicle electrification and subsequent lithium demand is coming up and shareholders in lithium mining companies are amongst the only ones with surfboards at the ready. Car manufacturers who persist with internal combustion engines will be swept away. Petrol companies and car repair companies will also be washed away.

Add in self-driving technology and the tsunami will also stuff up anyone who drives for a living. There are a whole lot of taxi drivers, bus drivers and truck drivers out there.

Disruption is coming and it will come quick and fast when it arrives.