Cripes, talk about rose coloured glasses You said "The surge in...

Cripes, talk about rose coloured glasses You said "The surge in demand has already driven lithium prices up by more than 400% in the past two years." (My bolding)
Surely that is a typo, 2 years ago Lithium and its source ores were still on top of a bull run at multiples of the current price. It would be more accurate to say that lithium prices had dropped 400% in the past 2 years. https://tradingeconomics.com/commodity/lithium

Now go back 4 years (while ignoring everything in the middle) and the picture is a bit better, the lithium price is up by about 100% from then and my hope is that lithium prices will steadily rise from here on increasing demand without ever reaching the stratospheric heights of 2022. A large proportion of the mines that were planned during the Lithium bull run have been scaled back or mothballed and the less viable ones will never reach production.

The world needs a large volume of Lithium and other battery minerals (with some processed outside China at a reasonable cost) to progress to a low carbon economy and a stable Lithium ore price is essential for that, we don't need these boom and bust cycles, all they do is burn capital and create instability.