Tripling of lithium demand forecast a sign of the times, says Ken Brinsden
The decision by respected independent commodity forecaster Roskill to triple their base case demand forecast for lithium through to 2026 reflects the scale of the transformation unfolding in the sector, according to Pilbara Minerals (ASX: PLS) chief executive Ken Brinsden.
Addressing a packed Annual General Meeting yesterday, Brinsden compared Roskills forecast last year that lithium demand would increase to 328,000t of lithium carbonate equivalent (LCE) by 2026, to its updated outlook this year that tips demand to soar (base case) to 1,009,000t of LCE by the middle of next decade.
Brinsden told shareholders that the scale-up of the electric vehicle industry in China was unprecedented, with the country opting for a “hybridisation” model that would slash the cost of plug-in hybrid vehicles and accelerate the transition to full EV’s.
http://www.resourcesrisingstars.com...hium-demand-forecast-sign-times-says-brinsden
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