Understanding lithium demand, page-42

I am not sure if you are asking me. If the average battery size is 50 kWh (which is equivalent to 45 kg of LCE input need), then you need 1,000,000 tonnes of lithium carbonate equivalent per year to get your 22 million passenger car EVs per year for VW's requirements alone. That is the equivalent of an additional 7.5 million tonnes of 6% grade spodumene been required per year (assuming the gap is filled solely by spodumene and obviously a key factor is whether those batteries are going to be produced by lithium hydroxide where hard rock has a current advantage).

The LCE (and 6% spodumene input requirement) will be lower if battery size is below 50 kWh, and higher if battery size is above 50kWh.

Obviously the higher EV demand is, then their is also the question whether the existing mines have the lithium resource available to meet the input needs for LCE demand longer term, and obviously this lends itself to the further question on the number of new mines required per year to meet such LCE demand.

As I said, I am confident AVZ will make it to production given its low iron and very large homogenous deposit. The only question is whether AVZ can get into production in 2022 - 2025..

Anyway enough from me now.

All IMO.