Happy Friday all. Summary from International Intrigue article...

Happy Friday all.
Summary from International Intrigue article 14/7 below. Enjoy!

“Lithium demand according to Morningstar Chief Market Strategist Dave Sekera [is] expected to grow 5x by 2030"

Research firm Benchmark Minerals believes the market will remain “in structural shortage until 2025”, adding, “the era of lithium market volatility is likely just beginning.”

Not only is Chinese lithium often low-quality and thus poorly suited for battery production, but Benchmark says that the past investments in expanding mining and processing capacity won’t directly translate into increased market supply.

• As CEO Simon Moores explains: “Building upstream of the EV battery supply chain takes time and rarely goes to plan”.

Everyone agrees demand will stay high

Most analysts, including Benchmark Minerals and even GS, agree that lithium will remain highly sought after as governments continue to pursue decarbonisation policies.

• Analyst Chris Berry puts it perfectly: “what governments are realizing is the idea that lithium in particular...is going to underpin the next generation of how energy is generated.”