https://thewest.com.au/business/mining/chinese-plan-to-phase-out-petrol-lifts-lithium-ng-b88597254z
Cannacord Genuity senior mining analyst Reg Spencer said China was the world’s biggest car market at 25 million new units a year compared with 18 million in the US.
“If China can move to a 100 per cent electric model, and assuming unit sales remain steady, then the implications for demand are enormous,” Mr Spencer said.
“Assuming an average battery size of 30kWh, that would require 500,000t of battery-grade lithium a year, just for electric vehicles, just for China.
“To put that in context, the global market for lithium for all applications including non-battery is about 240,000t in 2017.”
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