...yes and this is what can fuel EV growth towards mass adoption and correspondingly lead to more demand for lithium
...lower price lithium helps EVs become more affordable -= higher EV growth = more lithium demand = more lithium supply = a sustainable commoditised lithium price
Prices for critical minerals, such as lithium, copper, cobalt & more, fell sharply in 2023 after a recent investment boom – helping drive battery prices down 14% This was good news for consumers & affordability, but it was a headwind for new spending
https://x.com/IEA/status/1791812238451302673
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