Fundamental Analysis - SYA, page-416

Lithium-Spinoff CEO Warns Electric-Car Craze May Lead to Shortages

“We think demand is going to grow almost five times larger in 2025 than it was in 2017,” Chief Executive Officer Paul Graves said in an interview Thursday in New York, as the supplier made its trading debut. “Our biggest challenge is producing enough to meet the demand -- there’s a much greater risk that this market is consistently in a deficit in the near future.”

The longer-term demand outlook from Livent, a spin off from chemical maker FMC Corp., echoes the view from Chinese competitor, Jiangxi Ganfeng Lithium Co., which this week sold shares in Hong Kong for the first time.

There’s a risk of a lithium shortage longer term, particularly from around 2023 to 2024, when production of electric vehicles is likely to accelerate, Ganfeng’s Vice Chairman Wang Xiaoshen said in an interview Tuesday.

https://www.bloomberg.com/news/arti...o-says-shortages-loom-amid-electric-car-craze