So SQM states that no oversupply under the assumption of 10% global EV sales by 2025. Plugged that into my excel and that's an annual growth rate of 32% in EV sales.
So far this year we've had double this at 64%! 58% last year and 41% year before.
All this with the major auto makeers only just now beginning to release their massive EV line ups. This will likely only see growth continue its acceleration leading to major supply issues. SQM also correct about projects rarely being on time.
Lithium & The Future, page-2646
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