This, from an article from the Australian Fin Review from 5 days ago.
"This time last year, BHP was forecasting 25 per cent of global vehicle sales in 2030 would be electric vehicles. It now expects 60 per cent of vehicle sales in eight years will be electric, rising to 80 per cent by 2035 and 90 per cent by 2040."
For the whole article just google "The surprise forecast behind BHP’s OZ Minerals bid" and it is the article from the AFR on 15 August.
The article argues that BHP decided to bid for OZ Minerals for about A$8.3b on the back of its updated forecast for EVs. There's a lesson there for Allkem imo
(hat tip: Topo from the Renascour RNU threads).
AKE Price at posting:
$12.34 Sentiment: Hold Disclosure: Held
