South Korea future spodumene demand:
Back-of-the-Envelope Calculation:
POSCO Chemical: Around 640,000 tons by 2030.
LG Energy Solution: Approximately 344,000 tons by 2025.
Samsung SDI: About 240,000 tons by 2030.
SK Innovation: Roughly 400,000 tons by 2030.
Total: 1,624,000 tons sc6
vs Current spodumene demand:
POSCO Chemical: Approximately 320,000 tons.
LG Energy Solution: About 104,000 tons.
Samsung SDI: Around 40,000 tons.
SK Innovation: Roughly 48,000 tons.
Total: 512,000 tons sc6
For South Korea Alone, we are going to need 2 Renard Plants by 2030:
A spodumene processing plant with a capacity of 2.5 million tonnes per annum (mtpa), assuming a 1.4% lithium content and an 80% recovery rate, would be able to produce approximately 466,667 tonnes of spodumene concentrate (SC6) annually.
South Korea future spodumene demand:Back-of-the-Envelope...
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