Singapore Investment Fund - Arcane Capital Advisors analysis of Lithium.
Why will the lithium market be MUCH bigger than anyone thinks in 2030? Because humans are just innately BAD at forecasting!1. Solar went EXPONENTIAL vs all linear forecasts.2. $ALB, Feb 2018 prez, forecast lithium demand "800kt LCE" in 2025. The world hit that in early 2023.
Our 4.3Mt LCE demand in 2030 includes 1 hr (vs 2-3 hrs needed) of global #solar installations paired with #EnergyStorage (grid+resi). That's ~1Mt LCE. Each bus/truck has 6-10x the battery size of an EV, so they're 16.6% of EV #lithium demand. 44% EV pen rate isn't aggressive.
Can watch the full podcast from their analyst here:
RDN Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)