Another article saying the world needs a shit ton [ 23x as much ] of Lithium between now and 2030 for the energy transition. Blind Freddy could see this but China and BEOT was running the oversupply narrative . Must have got their fill as they are now feeding reporters the "not enough to meet demand storey"
Bodes well for those of us that didn't get scared and sell out.
https://www.copyright link/wealth/i...ing-as-demand-outpaces-supply-20230508-p5d6m3
"There were 10.6 million EVs sold in 2022. That’s about 663,500 tonnes of lithium carbonate based on a 70 kWh battery per EV. To get this up to 200 million EVs by 2030 [as the IEA says is required], we would need an increase of 17.9 times over the next seven years. Working on the 62.6 kilograms of lithium carbonate in a 70 kWh battery as an average per EV, that works out at about 12.52 million tonnes of lithium carbonate needed in the year 2030 alone. This is 23.2 times more lithium carbonate that what was produced in 2021.”
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