Great insight and explains a lot:
“Iron ore is a 3-billion-tonne market, copper is around 25 million tonnes, lithium is probably only a one-and-a-half-million tonne market at the moment, so it doesn’t take much for swings in supply to create these spikes in pricing,” he said.”
https://www.copyright link/markets/commodities/wild-swings-in-lithium-ahead-as-producers-play-chicken-20240201-p5f1ox
General Discussion, page-686
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