Not if SQM can throw a spanner in the works. That aside the "cartel" have fallen from over 85% dominate to just over 50% of the market now. And the price has gone up.
Albemarle see their profit from the lithium market increasing to over $1 Billion by 2020 and anylist predict the demand to rise fivefold in the same time.
Tesla might be the buzzword for EV's but there are at least another ten just in that market alone, then there is the growing energy storage market on the way, which will eclipse the vehicle market in time, add to that buses, boats, bikes, mining equipment, and the traditional ceramic and glass.
Demand will outstrip supply for at least the next five years.
