..Carl is right, the industry respond to supply side because prices were high.
..you think all the lithium explorers would just stop work because prices dropped.
..No, they would continue because they hope price would recover by the time they start producing. So they are not going to stop the supply train in the coming years.
..as I said, the slowing EV growth helped reduce demand for lithium at the time when supply is not high, allowing the supply side to catch up over the next 1-2 years when EV growth could start accelerating again, solving the previous lithium imbalance and providing a boost to Chinese EV capacity to produce and sell cheaper EVs into the global market.
