Your comments are more measured optimism and that's possible, lithium prices can be a little higher yes, it needs to in order to ensure production returns and new mines can operate profitably. But it is unlikely to return to 2020-23 prices that was a boon to lithium producers, EV growth potential to reach levels previously projected requires EVs to be produced cheaply to replace ICE vehicles, they can't produce cheaply if battery cells cost are not accommodative. But over the coming years, as US produce from their brines, it would be interesting to see if they could produce lithium at an even cheaper cost.
Unlike iron ore, lithium is subject to much vagaries in the market place - which includes lithium processing cost curve, battery chemicals technological change, geographical markets, and they're abundant all over the world.
LTR Price at posting:
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