AVZ avz minerals limited

Understanding lithium demand, page-1402

  1. 34,447 Posts.
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    Thanks Frank

    The old demand forecast for 2025 at 1 million tons LCE is too conservative now, many brokers have recently updated to 1.1 million tons LCE by 2025. The new figure seems also conservative as China EV sales are exceeding expectation.
    The monthly NEV sales for August 2021, standing at 304k units, penetration rate reached 20%. China set 20% penetration rate for NEV by 2025, but it's achieved much earlier than planned. The full year penetration rate of 20% is likely to be achieved by 2022, three years ahead of the plan.

    China official NEV sales target for 2021 was 2 million units, but have been revised four times, now 2021 NEV sales target is upgraded to 3 million units.

    Back to AVZ, given CATL involvement, this project will definitely be developed, as many expected, only Chinese companies will develop this project.

    The EV revolution just started, and lithium is "white petrol", enjoy the ride!

    All the best!
 
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