Will keep this quick to not clog up charting thread.
As long as Li-Ion is the choice going forward for at least the next 5-10 years...
Very rough...
Tesla on track for Model 3 production of approx 250,000 per year. The 70kWh Model S has 63kg of LCE so let's assume average of 55kg LCE between 50kWh, 62kWh & 75kWh models.
Model 3: 55kg x 250,000 = 13,750 tonnes LCE. (More than AGY's current target)
VW 22million over 10 years. Averaged out at 2.2 mill per year. Using an approximation of 50kg per vehicle.
VW: 50kg x 2.2 million = 110,000 tonnes LCE
Only Model 3 and VW = 123,750 tonnes LCE per year
Not including:
Practically every other car manufacturer!
Bikes
Scooters
Buses
Trucks
Ships
Planes
Power tools
Grid/Home batteries
Roughly 300,000 tonnes LCE supplied 2018.
Morgan Stanley reckon 578,000 tonnes by 2025. Haha yeah right.
This will be an onslaught of demand like never seen before and eventually the majors are going to have to make serious moves and will be reflected throughout the battery industry supply chain. Just a matter of when.
I mean the writing is on the wall with Wesfarmers getting involved. Will they be outbid...?
AGY Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
