If the demand acceleration as evidenced in the recent data continues, the supply deficit will gradually widen, then maybe from 2025 become a gaping hole. As SF has pointed out, so far in 2023 only 40% of nameplate new production has come online. Lag effect of supply with demand accelerating, not a recipe for lower prices. High cost curve projects being viable and continuing to production is debatable.
I see the reality being downstream participants accepting the higher price of Lithium as the new norm. Those that wake up to this outcome first, will secure their supply chain. Those that don’t will cease to exist.
Spodumene Prices, page-3375
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