Ann: Lithium Pegmatite Targets Identified on CV Lithium Trend, page-144

Lithium boom: is this time different?

By
Tim Treadgold
-
May 25, 2023
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“Stronger for longer” was a snappy slogan in past mining booms that never lived up to its promise because the boom always ended sooner than expected, and while that might be the case with the latest surge in lithium, there is a chance that this phase could be the real thing.
One reason for believing in the sustainability of the latest recovery in lithium is that the market for the battery metal is much deeper than the two previous periods of strong price moves because there is a flood of electric vehicles rolling off production lines.
Another driver is the “third time lucky factor” and while that might sound flippant what it means is that lithium is coming of age and morphing into a commodity of importance similar to iron ore, copper, or oil.

Rather than a two-year “boom-to-bust” cycle like 2016-to-2018, and 2020-to-2022 the current lithium up-leg could last much longer given the involvement of major mining companies which had previously shunned the metal.