General Discussion Topics, page-86897

Dude, I wasn’t going to reply, but you need to understand the basic economics of “supply and demand”.
1. When Demand exceeds supply, a product or service will INCREASE in price. The same applies vice versa.
There will be an increase in EVs in the next few years, but yet the materials that goes into making those vehicles can’t keep up. What does that means? We don’t have enough raw materials to meet demand. Thus price will increase. I agreed with you that some prices has dropped for EVs sales, but that doesn’t mean the manufacturers are buying at cheaper price for raw materials. In this instant, car manufacturers could have worked out a cheaper and more efficient ways of building their cars or and I believe this is the answer, the government have intervened and given incentives to consumers to buy electric vehicles. Hence cheaper.
I can’t see price going cheaper for lithium in the next 5 years. There are simply not enough mines going online. There are theory that China will start their own mine. Which is not correct neither, as China still needs the resources from the western world to refine. They are not miners, they are refiners.