Investor Presentaiton
Lithium Carbonate Supply and Demand Expectations
Production from Currently Operating Assets (kt LCE)
WLCE Deficit (kt LCE)
-China Lithium Hydroxide Monohydrate 56.5% Price (US$ /kt)
Production from Expansions of Already Operating Assets (kt LCE)
China Lithium Carbonate 99.5% Price (US$ /kt)
-Lithium Demand (kt LCE)
Price (US$ /kt)
$100.0
$80.0
$60.0
$40.0
$20.0
SPOT
$70.9
-1 Mt of new lithium carbonate
production (not from already
operating assets) will be required
by 2030 based on BMO estimates
2,500
2,000
-1 Mt LCE
1,500
2015 2016 2017 2018 2019 2020 2021
2022 E 2023E 2024E 2025E 2026E 2027E 2028E 2029E 2030E
Lithium demand is expected to grow exponentially over the next decade and beyond,
starting a race for who can meet this demand the quickest
Source: Bloomberg, BMO Equity Research, Street Research
Note: Supply numbers shown ignore the anticipated supply from new projects coming online between 2022 and 2030
22
1,000
500
Lithium Supply and Demand (kt LCE)
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