Investor Presentaiton
US Lithium Forecast - A Large Deficit
Operating projects (North America) (1)
Other projects (North America)
(1)
kt LCE
600
500
400
300
200
100
Actual 2021
Demand:
46 kt of LCE
(1)
― Permitted and financed projects in construction (North America)"
-U.S. Battery Market Projected Demand (2)
Forecasted 2031
Demand:
604 kt of LCE
Forecasted
deficit of 119 kt
LCE by 2031
Forecasted 2026
Demand:
329 kt of LCE
2021A
2022E
2023E
2024E
2025E
2026E
2027E
2028E
2029E
2030E
2031E
Persistent supply gap in North America as demand from the U.S. EV battery sector is
expected to grow to 604 kt LCE by 2031
Sources: Benchmark Mineral Intelligence
(1) North America Includes Canada, US and Mexico
(2) Gwh demand estimates converted into LCE using a 0.8t LCE per GWh factor.
18
.
Defense Production Act
•
Inflation Reduction Act
•
Streamline Permitting?
When President Biden signed the
Inflation Reduction Act (IRA) into law,
clean energy leaders recognized that
this was the largest federal
investment in alterative energy and
sustainability in American history.View entire presentation