Lithium Americas Corp (LAAC)

[Raffis]

“South America is also set to see supply growth of around 199%, new brine lakes are beginning production and most existing salars are expected to increase output. With longer lead times, the oncoming brine projects were probably in the same batch of funding as the hard rock mines that have come online in Australia since 2016.

With the Authier, Rose and Whabouchi mines set to come online before 2025, North America’s share of lithium supply is set to increase to over 5%, potentially allaying some fears around North America’s present minor role in the EV battery chain.

Europe, however, is expected to add only one new lithium source by 2025, marginally increasing its share of global supply. With potential for 25 battery gigafactories to be operational across the continent by 2025, Europe looks set to remain dependent on non-domestic raw material supply – even as the European Commission has thrown its weight behind developing the sector and ensuring security of raw material supply

Keeping up with EVs

Despite the present oversupply, and near threefold supply growth expected by 2025, there is a strong argument that further out, as momentum builds, demand could outweigh supply.

“If forecasts for EV penetration are to be believed – along with the billions of dollars car companies have sunk or will sink into EV development and production – then lithium demand is set to increase 10-fold over the next decade.” Bridle said.
https://www.spglobal.com/en/research-insights/articles/lithium-supply-is-set-to-triple-by-2025-will-it-be-enough