Catching the Falling Knife, page-42

https://www.linkedin.com/pulse/2018-year-lithium-ma-oversupply-fears-grossly-rodney-hooper

I won't dwell on the demand side other than to highlight the following:

• Demand growth forecasts are largely clustered around 15% CAGR from here to eternity
• Roskill's forecast is for 1,000,000/tpa LCE by 2026 (5x 2016 level)
• EV sales in China, where pro EV legislation is in place, hit 3.3% of total car sales in December 2017. Global EV sales growth in 2017 of 58% y-o-y over 2016, Dec 17 over Dec 16 growth of 67% (above forecasts)
• Benchmark Mineral Intelligence megafactory tracker includes 26 battery cell plants either in production and expanding or new operations due in production by 2021. The combined capacity of these plants is 344.5 GWh versus 2017 estimate of 100 GWh