It seems a bit insane that while analyst are reactively raising...

It seems a bit insane that while analyst are reactively raising their mid-term price outlook based on the massive demand pull of BEV, they still think Lithium Hydroxide is going to fall back down to $15,000 per ton in the long term. They clearly have no understanding that the lowest cost mining assets have been locked up and the marginal cost of new production will be going up as less desirable resources are put into play to increase production.

I don't know if they are incorrectly thinking there is going to be an explosion of low cost production from new direct extraction technologies, or simply are not thinking at all.