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RiC088

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21/09/20

08:51

Post #: 47491538
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Originally posted by SF@HC: ↑

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....

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I check that again. 77000 tonnes seems right . Gla

GXY Price at posting: $1.57 Sentiment: Buy Disclosure: Held
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0 Great analysis

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