Food for thought. 250m EV's is only 12.5% of total vehicles by 2036.
http://www.greencarreports.com/news...-on-worlds-roads-now-2-billion-by-2035-report
120m EV's to consume all of the globes lithium reserves at current high prices. Note, 60% of 13.5mt of lithium reserves is for other industry.
Meaning it is mathematically impossible for the world to produce 250m Li-ion EV at current Li price. Only way is up for Li price.
We will see new tech and we will see lithium at $50k per tonne at the same time to lift the reserves to meet this EV demand.
It's a multi decade boom for lithium.
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Do we have enough lithium for the EV boom?, page-24
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