Ann: San Jose Project Update, page-17

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Mr Seville said the fundamentals of the lithium market were sound.
“Customers are concerned about supply. They’re concerned about supply right now, and they’re concerned about supply for their big planned investments in 25 years’ time.
“So we’re getting two levels of nervousness going on at the moment. And when we look forward, in terms of our view of the supply response...we fully understand that nervousness, because the supply is going to struggle to keep up with demand, assuming that the EV (electric vehicles) sector takes off the way that everybody is currently expecting,” he said.
Mr Seville also said recent research reports predicting a strong take up of electric vehicles in the world’s key car markets over the next decade or so were “reasonable”.
In a new report released late last year experts from UBS lifted their forecasts sharply for electric vehicle sales in future years.
UBS predicted that almost one in every six new cars sold around the world in 2025 would be electric vehicles, adding that the EV market share in Europe would be even greater."