Miller also pointed out that, in the long term, the growth...

Miller also pointed out that, in the long term, the growth projections for the raw materials used in lithium-ion batteries just keeps getting bigger and bigger.

“If you look at China alone, by 2028, there’s almost 1.2 terawatt hours of capacity being lined up — that equates to over 900,000 tonnes of lithium,” Miller said. “That would mean an increase of three times the total size of the market last year, just for China.”

Other parts of Asia are also expanding, as well as Europe and the US.

“For any one of these regions, you need a fundamental shift in terms of lithium supply coming into the market in a relatively short space of time, over the next decade, and these numbers keep getting bigger.”

For Miller, unless money starts going into the lithium industry now, by the 2022 to 2023 period the market could start to see massive deficits emerge again.

“And this deficit will not be the size of the 2015 one, when there was moderate growth in the sector, this is going to happen when you really start to see an uptake in the use of lithium-ion batteries,” he added.

Only a matter of time till the Mali Lithium Ltd deposits come online. Incredible demand incoming.

https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/factors-defining-new-normal-lithium/