The scarcity of Lithium is REAL. CATL has been aggressively sourcing for supply from all over the World. They has just secured another Lithium supply in Argentina.
They recently outbid in a deal for Millennial Lithium by Lithium Americas. Interesting to note that Lithium Americas largest shareholder is Ganfeng.
https://www.nasdaq.com/articles/lithium-americas-makes-%24400-mln-bid-for-millennial-to-rival-chinas-catl-2021-11-01
https://www.mining.com/web/argentine-state-energy-firm-ypf-spies-lithium-tie-ups-with-catl/
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