Albemarle announced expansion plans with no details, no location and a five year time horizon. Their earnings call highlighted the contribution of Talison earnings. Just a reminder - Talison is majority owned by a Chinese company Sichuan Tianqi. Tianqi along with China based Ganfeng and Sichuan Yahua are the world's fastest growing lithium companies.
Tesla's name was used in the announcements of two junior mining companies who have projects that are not fully financed and not close to producing. The reality of the lithium supply going to Tesla's current production is - the highest share of lithium hydroxide supply is coming from China not FMC or Albemarle. Just three years ago FMC had > 90% of the lithium going into Tesla batteries.
What's next? Look for Chinese investors to continue to support capacity expansions in China AND make a significant investment lithium investment outside China.
Note: It is initially shared by a Lithium Market Expert Mr. Joe Lowr on LinkedIn.