“If you look at Vulcan’s project development plan, it might be argued to be rather novel. Even investments in conventional lithium projects over the last few years haven’t had an easy run,” analyst Reg Spencer of Canaccord Genuity in Sydney said.
He estimates that up to 2024, domestic lithium demand will rise to 9,000 tonnes per year in a slow e-mobility roll-out scenario and to 32,000 tonnes per year in a fast scenario. Germany imported roughly 5,300 tons last year.