...from the last bear cycle, the lithium industry progressed to face a surge in EV demand as Tesla grew from strength to strength and China made EVs its national strategic priority.
...the huge rise in the price of lithium, like with all commodities, drew significant interests across the world to explore and develop lithium deposits, which subsequently resulted in oversupply, crucially at the time demand growth began to decelerate notably in the Western world.
...and this guy below is right; with USA and China in strategic competition, China has leapfrogged ahead to build strategic vertical supply chains to enable it to be in a leading position to produce EVs cheaply.
...it is not in China's interest to see lithium prices return to those 2020-21 prices again, now their demand is met via their own secured mines in emerging economies.
...and if you have not yet understood that the lithium landscape has changed, its time to wake up.
Lithium. The chinese control the supply chain for both Lithium and rare earths right through to finished manufactured goods eg EVs. Maintaining a low price for mined supplies prevents western competition in supply/conversion/batteries/EVs and ESS You think it aint happening ?? https://x.com/DaveWoo33830701/status/1826836006190153832
