galaxy postpones hong kong ipo on poor financi, page-30

"What's your opinion on global supply & demand for Li?"

Moorookamick ,it is all in the prospectus you refered to ,you just have to read it .

http://www.galaxyresources.com.au/documents/DocGXY-159GXYIssuesWPIPforHKListing110228_000.pdf



According to Roskill, growth in demand for lithium will be driven by the lithium-ion battery sector, with
demand for lithium in lithium-ion batteries forecast to increase in the base case from approximately 21,000
tonnes LCE in 2008 to approximately 41,100 tonnes LCE by 2013, representing a compound annual growth rate
of 14.4%. Roskill expects this growth to be split between:
� demand for lithium in for rechargeable batteries for portable and stationary applications (e.g. laptops
and mobile phones), which is expected to increase by a compound annual growth rate of 6.9%
between 2008 and 2013 to approximately 27,200 tonnes LCE; and
� demand for lithium in rechargeable batteries for transport applications such as Electric Powered
Vehicles, which is expected to increase by a compound annual growth rate of 55.7% between 2008
and 2013 to 13,900 tonnes LCE.
The latter forecast is motivated by the recent commencement by major automotive manufacturers of the
mass production of EVs, HEVs and PHEVs using lithium-ion batteries, and assumes the production of over
600,000 such vehicles globally per annum by 2013. This compares with production of approximately 350,000 of
these vehicles in 2007, the majority of which have historically been fitted with nickel-metal hydride batteries.
Roskill also notes that other transport markets for rechargeable lithium-ion batteries, including E-bikes, are
showing strong growth in demand due to the replacement of nickel-metal hydride and nickel-cadmium batteries
in these applications, especially in the PRC.