Some rough numbers
Demand is ramping up rapidly but has started from a small base. 2.1 million EVs sold in 2018 with a growth rate of 62%. Assuming that same this year, 3.4 million this year That increase of 1.3 million EVs X 45kwh average battery size X 1.0kg LCE/kwh lithium use (I've heard lower theoretical values but also convincing arguments from producers that waste/losses is neglected in these) = maybe 50 - 60kt LCE demand increase in 2019 from EV. That's PLS and AJM together. Assume the same in 2020, another 90kt LCE next year needed So next year need output of ANOTHER 1.5 times pls+ajm stage 1 output. Grows pretty fast.
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Some rough numbers Demand is ramping up rapidly but has started...
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