GXY 0.00% $5.28 galaxy resources limited

Banter and General Comments, page-7765

  1. 13,900 Posts.
    lightbulb Created with Sketch. 8465
    Hi regal,
    Glad you repeated my calculations for VWs requirements:
    270kt LCE in 2025 and 540kt in 2030.

    Imo people need to absorb the magnitude of this.
    540kt is more than 3 times the current production of battery quality LCE.
    That is just for VW. By 2030.

    Let’s just speculate for a minute:
    If VW sells 30% of the world’s EVs in 2030 (generous imo), then the production of battery quality LCE needs to increase about 10 times from current levels.
    Ten times.
    10.
    Ten!

    The mind boggles.
    ...and this ignores all others forms of battery use.

    Wow. Just wow.

    I really look forward to SDV putting out 50ktpa, as that is what I think will happen.

    It is going to be a very interesting decade ahead.

    Cheers
    Last edited by GCar: 11/07/19
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.