I am not saying that EV’s will not eventually takeover, nor that...

I am not saying that EV’s will not eventually takeover, nor that ICE vehicles will retake market share. I am simply pointing out that current short term EV demand is quite clearly cooling, and this affects lithium pricing.

There’s a number of reasons for cooling EV demand, most notably the current economic conditions (interest rates), but there are other factors such as early adopter market saturation, price disparity with ICE vehicles, China economic wobbles, etc.

The next 12-18 months are looking particularly shaky for EV demand and lithium pricing, and we’re seeing this play out right now.

It’s best to approach with your eyes open to what is happening in the short and long term, rather than fixating on what will happen eventually.