Good News & Bad News, page-36329

There is actually no debate about demand growth. The data does not lie.

Unfortuantely most "Experts" here and even across youtube don't understand the concept of "Rate of change".

If sales grow from one month to the next by 30%, then from that month to the next by 15% the rate of growth has slowed. If we assume that the rate of lithium coming to the market has grow by 25% across both months, then supply growth has outpaced demand growth, which results in excess inventory.

The absolute numbers of EV's being sold is growing, but the rate of growth has slowed. It's not even debatable, its in plain view in the graph you posted and virtually every other data point you can find. The debate has really been about supply growth. And while it may continue to disappoint, there is more supply coming, from China, from the West, Africa and South America. So if supply continues to grow, demand must outpace these growth rates or we will continue to see a glut.

What the cause of the demand growth slowing is we can all speculate on until we are blue in the face. The simple fact is EV sales have slowed, and battery makers and convertors are not buying as much material.