Since November 2019, the spot price for a ton of LCE (lithium...

Since November 2019, the spot price for a ton of LCE (lithium carbonate equivalent) has risen from $8,100 to $8,750 per LCE (lithium carbonate equivalent) as of January 13, 2020. Lithium junior exploration companies have risen since mid-December. For example, American Lithium from 11.5 cents to 29 cents (156%) and Advantage Lithium from 22 to 38 cents (72%) and Lithium producers such as Albemarle from $72 to $79 (12%), and SQM from $26 to $31 (23%).
There is not one automobile manufacturer that has said it would reduce electric vehicle production in their plants, so why the heck is little thought being given to where all the lithium will come from?
The current market supply is 230,000 tones LCE. There are 65 gigafactories (lead by Tesla/Panasonic) either in the planning stages or being built. Each factory will consume some 10,000 tons of LCE per year that will increase demand to some 850,000 tons of LCE per year. Forecasts estimate the price of LCE will rise by 300% by 2025. Car manufacturers will have spent $360 billion by 2025 to produce electric vehicles.

The-return-of-lithium-in-2020