Interesting comment from Rodney Hooper after Albermarle's new guidance update. He sees EV sales capped at 8 to 8.5 million units based on available lithium supply. My personal forecast based on demand trends, available models and OEM sales targets is around 10.7 million (I haven't done a detailed uptodate analysis on lithium supply). ev-volumes.com also forecasts 10.7 million units. 8 - 8.5 million units would point to a big deficit this year. This would fit with Albermarle's annoucement that their production volume will only grow 20 - 30 % this year. I can't see much lower lithium prices for the rest of the year given the supply deficit. Prices should rather go up again soon. SQM recently forecasted lithium demand in China to rebound in H2 of this year.
AKE Price at posting:
$13.46 Sentiment: None Disclosure: Held
