As I said lithium prices are at highs and due to drop significantly once supply catches up with demand which it is forecast to in 2024.
There are many opinions and forecasts about Lithium prices and many are wrong and ill informed. The absolute known is there will be severe supply deficits to at least 2030 due to incredible growth in EV's, home storage etc.
Lithium mines take on average 7 to 10 years to go into production, there is no short term fix and not many mines coming online.
Further to that the Capex cost has risen dramatically over the last couple of years (labour/materials) which is going to make it even harder for a junior to develop a resource.
Prices may fall over the coming years but there is still extremely good profit being made, even at half the current price.
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