US-based lithium major Albemarle admit they were wrong – and have upgraded their lithium demand projections to 1.2 million tonnes of lithium carbonate equivalent (LCE) by 2025.
To put in perspective, an estimated 270,000 tonnes of LCE was produced in 2018.
Check out how the company has consistently increased these projections every year:
It’s not just Albemarle that does this, of course. For years, battery metals miners and analysts have adjusted their demand projections regularly to the upside.
But 1.2 million tonnes of lithium by 2025 is tough, a near impossible target for lithium suppliers.
“A figure that supply will never be able to meet in time,” Benchmark Minerals Intelligence boss Simon Moores says. “The energy storage revolution is coming but will be delayed!”
This begs the question which company has the size and quality(high grade and least deleterious elements) and not only that, the dimensions(close to the surface and homogenous-lowest strip ratio) to efficiently and economically supply the huge upcoming global for demand for lithium???
Enter AVZ go HERE
US-based lithium major Albemarle admit they were wrong – and...
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