AZL General Discussion, page-462

my thoughts on why lithium has so much further to go and why i think peoples valuations are way too low....

* says...Rio tinto have said that on the back of the accelerating EV uptake, annual lithium demand was headed to 3 million tonnes by 2030.That compares with the current demand for 350,000 tonnes.Existing operations and new projects are good for an increase in supply to 1 million tonnes which on Rio’s figures, means the world is staring down the barrel of a 2 million tonne supply gap.

so realisticly how much will price of lithium be,how many takeovers/mergers will you see by other miners,car makers,battery makers to guarantee supply to make their products.
then factor in whatever you dig up needs to be replaced to keep up demand just to remain at same level.
statistica.com says..
in 2020 the top 6 lithium RESERVES by country are:
#1 chile 9.2 million tonnes
#2 australia 4.2 million tonnes
#3 argentina 1.9 million tonnes
#4 china 1.5 million
#5 usa 750,000 tonnes.
#6 zimbabwe 220,000 tonnes

so do the math guys...if 3 million tonnes per annum needed within 8 years & you assume that in next 2 years you need what?...1 million tonnes a year? or more?...that wipes out china or argentina reserves in one year?
or if it 3 million tonnes per annum thats only 3 yrs supply & chile gone.
(well assuming that whatever they digging up now is being replaced otherwise reserves gone faster).
so when you see little old AZL looking at 15-20,000 tonnes per annum for maybe 50 plus years (once drilling confirms resource otherwise it 15-20 years currently) and we a measly 137mil MC you can see the price can only go up.