This is the latest Benchmark Mineral Intelligence lithium ion battery factory capacity forecast:
Using their forecasted 5,137 GWh production by 2031, and 0.85 kg LCE per kWh, that would mean a demand of about 4.36 million tonne LCE demand by 2031.
In their lithium supply / demand chart, I see this demand depicted only around 2034.
To me this means that they will need to update their lithium supply / demand chart to even faster demand growth and probably bigger lithium deficit in the next 10 years.
LKE towards TOP-5, page-1825
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