As we all know China is experiencing some economic woes, but... the only game in their town in terms of growth sectors is the manufacture of battery chems, batteries and renewables. And for that one economic, saving grace to continue they have to pay for the relevant raw materials, the demand of which will increase substantially as the US, Europe, S Korea, Indonesia and others continue to make a concerted effort to wrest control from their (Chinese) desperate hands = geo competition on a grand scale. So, given that reality, in order for China to maintain that sole remaining growth sector of their economy they will be forced to pay an increasing premium price for the subject raw materials - as time and the geo-control dynamic increases. Clearly, they (China) will have no choice but to pay said rising premium, so all talk of a diminishing price for raw materials (in this case lithium) runs counter to the coming reality of increased geo-competition - and the price will return to circa $7,000 and beyond IMO.
Also, take into account the dubious supply projections from DLE, brine subject to environmental constraints, delays in permitting and building explorer mines, States wresting control and the inherent problematics of the African hopefuls.
The future's not hard to see - kay sa rah, sa rah- for PLS.
Or... aliens might land in the form of nubile Amazonian chicks and enslave all we doable men for breeding purposes - in which case all is lost. Oh, the humanity.
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