FA & General Banter, page-12716

II told that long time ago; Feb. 2018.
Now it's being obvious that all auto makers will have to secure their lithium supply.

Tesla haven't secure anything yet as well. They only secured 2% of LCE they would need in 2030.

They only have 3 offtake agreements totaling 20,000t of LCE (lithium hydroxide) with 3 suppliers;
1) Ganfeng: ~6,000t
2) Wesfarmers: ~6,000t
3) Piedmont: ~8,000t

They can make 400,000 EVs with 20,000t LCE.

They want to make 20,000,000 EVs in 2030, only in that year.
That'd need a supply of 1,00,000t LCE.

Btw, Tesla talks about 3TW battery capacity in 2030. That'd need 3,000,000 LCE (Let's discount it to 2.5m LCE)

Even LTR has 5.4mt LCE in KV project (not all of it will be mined btw).

Tesla will have to buy many mines to close its own lithium supply deficit.

What about the other battery makers and auto manufacturers?

I can see a catastrophic situation in the balance of lithium supply and demand after 2025 while the deficit is expected to appear in 2023.