Interesting comments - Lithium Costs and AvailabilityThe global...

Interesting comments -

Lithium Costs and AvailabilityThe global market for the alkali metal lithium is experiencing rapid growth, accompanied by significant volatility in prices. Lithium, being the most crucial component of lithium-ion batteries, is particularly susceptible to price fluctuations. The spike in lithium prices observed a few years ago exerted upward pressure on the production costs associated with lithium-ion batteries. The production of lithium is predominantly concentrated in four countries: Australia, Chile, China, and Argentina. There is a tangible concern regarding the insufficient development of mines and production capacity to meet the projected demand for electric vehicles (EVs) and stationary energy storage. This situation raises apprehensions about the industry's ability to sustain the anticipated surge in demand.

Source - ATC announcement