Ann: Robust Results for Colina Lithium Project PEA, page-320

Demand needs to triple by 2025! ....." projected to be in deficit for the next few years". Article below as of Jan 2023. Note this year Jan-September post (article date) has seen some challenges to the Li & many Macro issues. But end of day, demand will go up! Will go up! No if's or Butts. & as they cannot produce enough to meet demand, prices will go up.

https://www.weforum.org/agenda/2023/01/chart-countries-produce-lithium-world/

From this website the below point....you can do the maths. We need so much more Li!
The future of lithium production
As the world produces more batteries and EVs, the demand for lithium is projected to reach 1.5 million tonnes of lithium carbonate equivalent (LCE) by 2025 and over 3 million tonnes by 2030.For context, the world produced 540,000 tonnes of LCE in 2021. Based on the above demand projections, production needs to triple by 2025 and increase nearly six-fold by 2030.Although supply has been on an exponential growth trajectory, it can take anywhere from six to more than 15 years for new lithium projects to come online. As a result, the lithium market is projected to be in a deficit for the next few years.

Don't forget, that's p.a 1.5 million tonnes. Which is 3 x the 2021 produced amount (540,000 tonnes)! & once the Li in use, will be a minimum of 10-20 years for it to be recycled back into the system again.