The demand side prediction just keep on climbing and supply side keeps disappointing. Morgan Stanley, in its apocalyptic report, claimed that by 2025, demand will reach a mere 640kt LCE. ALB recently came out with a prediction of 1200kt LCE and UBS a while back with 1150kt. Additionally, the sales growth rates of EVs we are seeing supports the later figures.
On the supply side, they claimed SQM will expand out to over 180kt in the next few years. This isn't happening either. SQM sales were lower this year than last and they don't expect much of a change in 2019 either (around 50k). They claim they will be stockpiling inventory but clearly their expansion isn't progressing anywhere as rapidly as MS claimed.
What is amusing is that Morgan Stanley still think they know better about SQM plans than SQM
Joe Lowry put is succinctly, '@MorganStanley isn't time for you to admit you really have no idea about what happens in the #lithium market?'
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