From the Sudden tightness section:
"...strong LFP-battery demand from China's..."
From Red hot demand:
"Overall, we forecast 53% lithium battery demand growth in 2021 and 23% in 2022."
Therefore, I've interpreted 'lithium battery demand growth' as demand for battery grade lithium carbonate extract (LCE).
In 2020, LCE was approximately 300,000 tonnes.
In 2021, it appears that figure will be 450,000 tonnes. An approximately 50% increase as MS have identified (actually I was working on a 400k figure, so my numbers are a a little conservative now).
So 450,000 x 23% = ~100k of additional tonnes of demand in 2022 (not 90k as I stated).
I think my understanding is correct, but yours could be too—it's a little ambiguous. No problem, as it's a useful discussion to have regardless.
Spodumene Prices, page-1476
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