China will reach 100pc EV penetration well before any other major economies able to reach 50pc.
It means demand for lithium could be more spread out rather than concentrated. When China is done domestically, all Chinese produced lithium would be flooding the export markets, because by then China EV replacements could be served by lithium recycling. Research agencies had never expected EV takeup in Western economies to be as muted or for global EV demand to be as a-synchronised.
