Good News & Bad News, page-21233

Headline from the below article, tells the story.

In its recent research report, the Australian Government's Department of Industry, Science, Energy and Resources (DISER) said that global lithium production is forecast to reach 682,000 tonnes in 2022 and 1,034,000 tonnes in 2024.

“World demand for lithium is estimated to increase from 583,000 tonnes of lithium carbonate equivalent in 2021 to 724,000 tonnes in 2022 (thus, ending 2022 42kt LCE in deficit). Over the following two years, demand is forecast to rise by over 40% (46.13% to be exact), reaching 1,058,000 tonnes by 2024,” the authors of the report said. (So, by end of 2024, deficit narrows to 24kt LCE)

This Australian agency have been notoriously behind the 8 ball, very lazy using incorrect historical data points, read their latest report, they forecast 22 spod pricing at ~US$2,700pt, and had to revise to +$4,000 in said report, and are still wrong.

Anyways, I'll be conservative and instead of expecting only 80% of announced new paper supply to come online, I'll use 90%, which equates a 127kt LCE deficit by end of 2024, and if you feel the need, you could further explore the nuances between overall supply and what % of that supply will meet battery grade specs.

All good, glad we are a producer...

https://www.*****.com/news/2022-12-30/Global-lithium-production-expected-to-nearly-double-by-2025-but-risks-of-persistent-supply-shortages-remain.html#.Y7FD6xnYLM4.twitter