It is difficult to make predictions, especially about the future. - Niels Bohr
....Cathie Wood's prior remarks (see link) reflects previous sentiment on EVs taking the world.
https://x.com/MichaelAArouet/status/1781924150010839405
....Fast forward, we now know this is no longer true (not not true that EVs would become the new norm over time, but not true that EVs would replace ICE vehicles so quickly that oil becomes irrelevant).
....the narrative is usually over-hyped.
....but given what we already know that this sentiment is no longer true, we must also be prepared to entertain the idea that the lithium premium is over, probably not to be re-visited.
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