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What the article does not mention: in June a new chinese emission standard for vehicles, that can hardly be met by combustion engines, will hit. That may drive
by mharig 3y ago
What the article does not mention: in June a new chinese emission standard for vehicles, that can hardly be met by combustion engines, will hit. That may drive up the Lithium demand.
And in 23Q4 or 24Q1 CATL will sell its 500 Wh/kg batteries. Although I couldn't find much about the chemistry of the new cells, that may cut the Lithium demand in half. But not very fast, I guess.
(All dates/statements IIRC.)
- alex_duf 3y agoAssuming the denser batteries have the same amount of lithium per kg, I don't see how we'll see a halving of lithium demand. That would only be possible under the incorrect assumption that battery demand is static. That's already not true with current technology as EVs are gaining market shares rapidly, but also the new technology will be opening new usages, so it will opening new markets, further driving the demand. But I also have no idea about its chemistry!
- mharig 3y agoYes, it may cut the Lithium demand in half, if the demand does not change (much), and that is not likely. Sorry for the not so well formulated statement. I meant that that may lower the inclination of the curve of Lithium demand significantly.