Ann: Lithium Industry Support Program, page-59

However, the world needs more lithium mine to come online as soon as possible Other wise there will be a huge deficit and lithium price will go to a stupid level.

So the world needs Manono mines to come online at least in 5 years, even earlier.

I'd also be very happy if AVZ holders can get their money back from those transaction.

In 2023, the LCE demand will be over 4.2mt according to my forecast and YJ Lee (Arcane Capital/Singapore) as well as CATL. (Because I made my latest forecast according to CATL's forecast numbers).

If the supply is around 1.45mt today (Ganfeng's forecast) then how we will get it to 4.3mt in just 5 years is a mystery. It's simply not possible. No 2 x Manono mines can help it either.

My forecast was over 4.2mt demand in 2030.


YJ Lee's forecast has been even higher than mine; 4.4mt





This is for BESS demand only, from CATL's prospectus.



The US is not going well on EV sales (~10% only) but it's BESS investments are huge, because they have the majority of the datacentres and huge supercomputers of the world. So they need serious amount of backup energy.

Here is the US BESS capacity in 2024.