Great video @wingedwarrior. McKinsey has always been a very serious and well respected firm. Ken Hoffman's opinions are very much inline with mines too.
The key point is demand. He says the same thing on the video; (at 18.10 min);
"But in terms of overall lithium demand I think people and I always like to spend my time on demand because everyone focuses on supply and miners are so good at that, but I think it's the demand side that people are getting very very wrong, and because of that that's going to actually be the reason why you're going to see lithium prices rebound from these lows"
And more importantly, he gives the LCE demand number for this year (at the low case base) as 1.5mt LCE. That is the number I used on my recent posts even though my detailed calculation showed it 1.6mt.
He also uses the 30% per annum LCE growth rate for this year.
And asking the same question; it's obvious that the :CE demand will be 1,95mt in 2026 by 30% increase. I asked on my posts "Who is going to supply the 450kt LCE in 2026 to top up the 1.5mt LCE demand/supply of 2025?"
Ken is asking the same question. (Around 9.20 min) "now you're at roughly one and a half million tons of global demand and 30% on that's a huge amount of lithium needed and I do think what you're going to need is the prices to move up for both Chinese and non-Chinese to increase".
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(20min delay)