Investor Presentaiton
INCREASING LITHIUM DEMAND
The transition to green energy has made
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lithium one of the most sought-after metals.
The price of lithium carbonate (LCE), the raw material used in lithium-ion
batteries, soared in 2022 from a 5-year avg. of -$14,000/t to +$80,000/t.
According to Benchmark Minerals Intelligence, demand for LCE is set to
increase to 2.4Mt in 2030, compared with around 600,000t in 2022.
As of Jan. 4, 2024:
Lithium Carbonate: US$13,537/t
Spodumene Concentrate: US$1,060/t
Surging Industry Demand
Major advancements in lithium-ion battery technology in the last 10 years have made them cheaper and more effective.
Electric Vehicles
EV sales to experience
a compound annual
growth rate of 40% per
year through 20252
Renewable Energy
Renewables are expected
to witness an estimated
CAGR of 13.8% from 2020
to 2027 owing to the
advancements in solar
PV and wind energy
systems3
Industrial Equipment
The global Lithium Battery
Manufacturing Equipment
market is valued at $5Bn in
2020 is expected to reach
$12Bn by the end of 2026,
growing at a CAGR of 14.0%
during 2021-20265
Consumer Electronics
Revenue is expected to
show an annual growth rate
from 2021-2025 of 6.80%,
resulting in a market volume
of US$974Bn by 20254
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/lithium-prices-soar-to-new-heights-thanks-to-ev-sales-66616417
https://insights.fastmarkets.com/why-there-is-still-time-to-avoid-a-lithium-supply-crunch-final/
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https://www.grandviewresearch.com/press-release/global-lithium-ion-battery-market
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https://www.360marketupdates.com/global-lithium-battery-manufacturing-equipment-market-14858032
https://www.statista.com/outlook/dmo/ecommerce/electronics/consumer-electronics/worldwide?currency=usd
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