GXY 0.00% $5.28 galaxy resources limited

You might want to check your numbers. In 2019, 320,000 tonnes of...

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    You might want to check your numbers.

    In 2019, 320,000 tonnes of lithium was produced, 65% of which was used in batteries.

    The consensus on lithium consumption in EV batteries is 0.83kg / kwh. If average battery pack at 60kwh, thus 50kg/battery.

    40 million EV x 50kg = 2,000,000,000kg (2 bill). 2 bill/1,000 = 2,000,000 (2 mill) tonnes of lithium required.

    In twh's, 40 mill EV's by 60kwh = 2.4twh. 2.4twh x .83 = 1,992,000 tonnes of lithium, checks out....
    Last edited by SF@HC: 20/09/20
 
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