High Oil Price Lithiums Greatest ally, page-7

I dont think people realise that lithium ev market is dependent on over all economy. The current economy could slow demand for all cars.

If people start thinking about increased bills and mortgages or are stressed with higher repayments, the last thing they do is go out and buy a new car be it ICE or EV.

It won't kill the EV market but the world heads to a deeper harder recession, than SYA and other pre production mines SP moonshot can be delayed for years.

Oil in the medium term will be $120 to $150 for years and there is only three reasons oil in the next 5 years goes back down below $100

1. Major world wide lock down again
2. Major demand destruction and large increase in unemployment
3. Putin assasination and Regime change is the only way for fast return of Russian oil

In none of these three seanrios is Russian oil coming back to the market for a decade

• Ukraine lose or win
• Russia lose or win
• truce/stalemate