Hey mate, I certainly agree with you that the market will continue to grow, with a corresponding growth in mineral demand. However, the use of the term “exponential” is problematic.
7-9% growth is anything but exponential. The additional 200 ktpa LCE from just brine operators over the next 12 months represents more than 20% of current demand, and that’s before we consider additional spodumene supply.
Even if we pretend that the current market is balanced (it’s not, we’re in oversupply), EV sales would have to grow >20% to maintain the current market equilibrium. If the EV market only grows 7-9% next year, all lithium producers are in for a rough ride.
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