Ev's are still more expensive then petrol alternatives. Additionally, car loans are usually variable rate. Even for those that are fixed, fixing today at circa 11% is extremely expensive compared to 12 months ago. If you dont think the cost of credit will have any effect on EV demand quite frankly you are beyond reasoning with.
This will kill all demand, including EVs. Nobody needs to buy an EV today.
Combine this with increasing lithium supply over the next 12 months and you will almost certainly continue to see lithium price weakness.
I dont know why everyone around here is so certain that lithium supply demand forecasts by Joe and CO are so infallible. Guess what, they arent.
We can all love ev's long term, which i do, but be prepared for short and medium term weakness.
Good News & Bad News, page-24277
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