And on the supply side, you have completely unreliable forecasts...

And on the supply side, you have completely unreliable forecasts where every DFS is assumed as a concrete timeline with predictable consequences. Embarrassing.

The big lithium short gets ‘dangerous’ on lower supply outlook

Short bets worth billions against some of the world’s largest lithium producers are under threat as a supply glut shows signs of thinning.

UBS Group AG and Goldman Sachs Group Inc. have trimmed their 2024 supply estimates by 33% and 26%, respectively, while Morgan Stanley warned about the growing risk of lower inventories in China. The revisions come after lithium prices cratered last year as supply ran ahead of demand, with some producers cutting output.

[source]