Because Albemarle is a significant player in Aust lithium, although US listed, perhaps it deserves its own thread?
US giant lifts lithium demand forecast by nearly 15pc
Lithium giant Albemarle has raised its forecast for future lithium demand by more than 15 per cent and signalled it would expand
its Australian mines to supply the lithium needed for the world to rapidly adopt electric vehicles.
But Mineral Resources swiftly provided a reminder on Wednesday that expanding mines in Western Australia is easier said than done, revealing that
expansion of its Mt Marion lithium mine had been delayed by labour shortages and equipment delays, forcing a 17 per cent cut to this year’s export target.
Albemarle is one of the biggest players in the global lithium industry and is a part owner of two big Australian mines, Greenbushes and Wodgina, and also has a processing plant at Kemerton that turns spodumene concentrate from those mines into battery grade lithium hydroxide.
Albemarle expects those assets will be very lucrative in the decade ahead, predicting in Wednesday’s five-year strategy update that its global revenues from lithium would rise from $US4.7 billion in 2022 to as much as $US15.7 billion in 2027.
Albemarle raised its forecasts for lithium demand by about 15 per cent, suggesting the world would consume 1.8 million tonnes of the commodity (lithium carbonate equivalent) in 2025 and 3.7 million tonnes in 2030.....
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.and a bit more detail can be found here.
Albemarle has confirmed the fabulous returns from the present boom that some of its mates in the lithium sector hinted at last week in their latest quarterly reports.