I agree. It’s the old ‘cure for high prices is high prices’ at work too. Incentivise new supply into the market and bring it to more reasonable price levels. As good as the crazy spot price has been for existing producers like AKE, PLS etc, in reality I don’t think it’s healthy for it to be so high. Tesla and BYD had both made noises about how expensive lithium had become. It’s probably better for long term EV affordability and therefore adoption if the pricing regulates to a reasonable level.
The challenge in 2023 will probably be general EV affordability; Tesla’s an interesting example right now - there’s slowing demand because the average Joe probably isn’t heading out to buy a $100K car when costs of living are starting to bite. But EV pricing will regulate too, as more affordable models come into the market from other players.
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