SUPPLY / DEMAND GAP
>USA: 50% of all new passenger cars and light trucks sold in 2030 will be zero-emission vehicles
>UK: will end the sale of new internal combustion cars and vans by 2030
>China: annual sales of “clean” cars tripled in past 5 years
>The White House expects global demand for lithium to grow by more than 4000% by 2040
>Benchmark Mineral Intelligence estimates a 26,000-tonne shortage in 2022 and a 300,000- tonne shortage by 2030.
>It takes a long time to put a lithium project into production; thus, many projects currently in the pipeline will not be able to meet demand, providing an opportunity for new projects at higher prices
DEMAND & GROWTH
Cumulative lithium-ion battery demand for electric vehicle and energy storage applications (GW·H).
Source: BloombergNEF (BNEF) 2020 Lithium-ion Battery Price Survey
Forecast of growth in demand for main materials used to produce energy storage (millions metric tonnes).
Source: BloombergNEF (BNEF). All metals expressed in metric tonnes
SURGING PERFORMANCE OF PEERS
Argentina-based Lithium Explorers & Developers – 2-year share performance (2020-21)
