This is great news. The average punter will probably be upset to see more supply enter the market, but the reality is that prices this high will be erroding demand for battery products, so anything that can bring the price back towards a more normal range should be celebrated as this will only fuel growth of this industry.
The Lithium boom isn't high prices in 2022, it's a transition to lithum battery technology products through to 2030 and beyond.
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