In some other news reports they give GS's prediction for supply.
Goldman Sachs estimated that from 2022 to 2025, the global lithium supply will grow on average by 33 per cent year on year, cobalt by 14 per cent and nickel by 8 per cent against annual demand growth rates of 27 per cent, 11 per cent and 7 per cent, respectively.
https://www.scmp.com/business/commodities/article/3179720/goldman-sachs-bull-market-battery-metals-over-lithium-nickel
Do you think the 33% annual supply growth realistic? I think that must assume everything go as plan, including those we already know are in touble.
I also think the 27% demand growth is underestimated. They must mistake the sales growth as potential demand growth, but we all know that almost all EVs have a long waiting list. The current demand is surppressed by a shortage of chips and batteries, and increasingly batteries.
In some other news reports they give GS's prediction for...
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