Great analysis I think what most analyst are missing about lithium deman is that this is a legislated change from the biggest economic countries ie Many EU countries, Japan, South Korea, China and others like California have not "just said" ICE (internal combustion engine) will be banned by 2030 but actually have legislation signed or about to be signed.
paper nakin analyis;
in 2021 one million green cars (EV + H2) to very very conservativily estimated 40 million green cars in 2030 from total projected 80 million global car production.
If all EU, East Asia and other developed nations ban ICE cars from 2030 to 2035 plus EV share of countries without ban increasing 50% green car will be easily surpassed.
From 40 million green cars we split 75% for Battery and 25% for Hyrdogen the share of Lithium powered cars is 30 million
Personally I think H2 will have a smaller share than 25% but just like Petrol and Diesel, H2 and EV has it merits and cons.
I think some countries or more specifically cities like Beijing, Seoul, Tokyo and others like them will gravitate towards H2 cars due to housing demographics. ie Hundreds of millions apartments with open shared parking in Asian cities which will be too costly to retrotfit a charging station until it is demolished and rebuilt over the next 30 to 50 years.
PLS Price at posting:
$1.02 Sentiment: Buy Disclosure: Held
(20min delay)