At present, the analyst community is choosing to ignore the history of lithium supply growth and all the problems the industry has faced. The technical specifications of the vast majority of future chemical demand are more stringent than what's been produced historically. The list of hurdles faced by incumbents and newcomers is extensive. Based on the current trajectory of SC projects, brine projects and Chinese converters material oversupply is unlikely.
Demand for battery storage (EV and ESS) is likely to grow substantially and surprise on the upside given a) Chinese and European government regulations essentially forcing the adoption of EV's b) consumer preference for faster charging and longer range vehicles (increasing battery size) c) simple economics, BNEF research is forecasting large EV's in Europe to be cheaper than their ICE competitors by 2022
At present, the analyst community is choosing to ignore the...
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