I have just been researching the timing of the next cycle.
Good to see that the illegal smuggling of Li from Zimbabwe is now been written about and reported to officials. Step 1!
Even with this extra illegal Li supply in 2024/2025 the growth of Li demand is outstripping supply.IMO.
EV sales predictions for 2025 have increased 3 times in less than a year.
Now 22 million up from 20 million.
The low Li carbonate/hydroxide prices is a loss leader marketing strategy by China Inc to increase Chinese EV sales and become world automotive leaders.
They have achieved this meaning there is no longer a need to keep prices below cost.
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(20min delay)