There is another aspect that this type of report misses and glibly passes over. They stated that 20,000t LCE is enough for 1 million EVs.
In a perfect theoretical world maybe, but not in our real world.
The theoretical limit is 385gms of LCE to 1kwh of power, but in practice current batteries use far more, between .7kg-1.4kg depending on thee battery type.
Their number assumes 20kg LCE per EV, a ridiculously low number. That is saying that on average an EV will have 20kwh of power. That is just plain wrong.
Firstly a nominal 50kwh EV actually has over 60kwh of batteries in it, as you can't let an Li-on battery go completely flat or you destroy it's life, likewise for over charging.
So they have fancy software that just lets you use the 50kwh in the middle of over 60kwh power in the battery (they never release the exact number).
so assuming 60kg of LCE in an EV, = 333,333 total vehicles if they have a nominal 50kwh of power.
A lot of EV's are also going to be busses and trucks, that take up a lot higher amount of LCE in their batteries. So the coming demand is much higher than most expect because they use incorrect figures in their assumptions. If the usage of LCE is higher than expected, then so will be it's price as most are unprepared for the real demand.
The companies with the real resources AJM and the neighbour are going to be getting far higher prices for their product than any of these reports suggest. It is why the spot price is up around $US20,000/t for LC and $US25,000 for LiOH.
Hold your shares in both companies as the big boys know the real numbers and what the company is really worth.
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