Will we face lithium shortages?

Will we face lithium shortages?

Short-term: maybe. Long-term: probably not.

Good news. The largest producers of lithium have shorter project development lead times than other often cited mine products. Lead times were only four years in Australia 🇦🇺, and seven in South-America.

Lithium mine development in Australia and Southern America takes only 4 to 7 years respectively.

Also, last (2) two-year reserve growth in these respective areas was 3,9 Mt which is more than double than the cumulative 1,7 Mt demand by 2030, -in eight years.

Lithium reserve growth in Australia and South America.

EV demand estimate includes 187 million EVs and 49 million PHEVs (IEA, APS).
https://iea.org/data-and-statistics/data-tools/global-ev-data-explorer

The energy storage 1,2 TWh based on BNEF latest estimate and LFP chemistry.
https://about.bnef.com/blog/global-energy-storage-market-to-grow-15-fold-by-2030/

Original thread: https://twitter.com/VisaSkn/status/1600440094103461888?s=20