Lithium price, page-36

BHP is probably right - based on the planned Giga factories for CARS over the next 20-30 years, the supply-demand equation might move to an equilibrium state,

However, those Li forecasts I think do not take into account new applications for batteries and what I think will be the inevitable complete & total electrification of the world - which will include the need for humungous sized batteries for solar/wind power supply, trucks, ships, planes, data centres, bitcoin mining, regular mining, steel & metals smelting, cement production, etc etc.

Adding the above new Li demand, blows all (current) Li demand projections out of the water.

Currently, there is no viable substitute for Lithium for making efficient, energy dense batteries. Even if there was one, it will take another 10-15 years to get it to a commercial scale.

But hey, who am I to challenge the wisdom of a behemoth like BHP ?