...in 2024 we will have more EVs sold than in 2021 & 2022 when lithium prices were so much higher.
...that does not suggest that more EVs sold means higher lithium prices- that wasn't the case.
...but it is actually the other way around that I've argued that lithium hodlers refused to listen - the much lower lithium prices have supported the growth in EV sales - so more lithium would be needed as more EVs are sold BUT not at a higher price.
....lower lithium prices = more EV sales = sustained demand for lithium = lithium projects won't drop off = keeping balance in surplus
...I think we will be getting ALB's results in the next day or two.
There is no point in comparing 2020/21 with 2023/24. In 2020/21 only 3.245m & 6.774m EVs were sold, respectively, globally, whereas in 2023/24, 14.182m & 17.000m EVs were/will be commercialized, respectively, worldwide. As of today, EVs represent about 65% #lithium demand.
