Good News & Bad News, page-6604

Does anybody know how much Spodumene is needed to produce 1kgs of Lithium.

Can I assume 1 DMT (1000kgs) Spodumene at 6% Lithium = 60kgs (Lithium per DMT)

I'm just trying to get my brain to work out the EV lithium demand per year for myself:

8kgs - 10kgs of Lithium needed per EV.
60 Million cars are produced each year. (Hopefully 100% EV sales by 2030)
Globally we need to replace 1 Billion passenger cars

60,000,000 (Vehicles a year) x 10kgs (Lithium per vehicle) = 600,000,000kgs of Lithium needed a year
600,000,000kgs / 60kgs Lithium (Per DMT) = 10,000,000 DMT Spodumene needed each year.

So Wodgina's 750,000 t/yr doesn't even scatch 1/10 of the demand right?

I know my math above is terrible but who cares because I bought PLS at .23 cents.