“EV sales would have to grow >20% to maintain the current market equilibrium.”
…and what, specifically, makes you think that they won’t?
Imo we’ll see global EV sales growth of circa 25%-30% in 2024,
Also, imo, that projected supply growth from SA brines will not eventuate as rapidly as you suggest. It’s all so so so easy on paper.
ps. BMI’s Li balance forecasts have changed dramatically over the last 12-24 months. They are guessing too and changing their guesses very significantly as time goes on. DYOR on the sensitivity to demand growth variation.
Pps. Auto manufacturers simply could not keep up if “the masses” all wanted an EV today. This is a transition that does not at all rely on EVs being “suitable” for “everyone” even in the next handful of years.
Let’s revisit this post and the EV sales chart next Xmas.
Imo
Dyor
AGY Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
