https://www.statista.com/statistics/606684/world-production-of-lithium/
2019 was the year that OZ took control of supplying the world with Li when EV sales was about a million.
The world increase in Li production in 2022 was mainly due to the reopening of OZ Li mines who were supplying in 2018/ 19 but not in 2020/21
MiN, AJM, A40, PLS a relatively easy process in comparison to starting from scratch which met the 90% EV sales growth in 2022 and the growth in 2023.
2024 Li demand over 2023 will have to come from new sources and or expansions of producing mines to meet the estimated sales of 19 million EV'S for 2024.
Li mined in one year are for cars being sold 6mths to a year later, which could mean an extra 6 million cars at a rough estimate for 2025 over 2024.
I see another Li shortage happening, maybe not at the same level in 2021/ 2022 but enough to incentvise restocking soon in fear that prices may return to those highs.
https://www.statista.com/statistics/606684/world-production-of-li...
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