It means nothing in terms of the bigger picture.The whole tech...

It means nothing in terms of the bigger picture.

The whole tech sector since Biden came into power has seen a retreat out of fear of regulation etc but Biden has no choice but to let Elon and co scale as quickly as reasonably possible.

This year alone Tesla are talking about tripling their car production (and with so many backlogged orders and increasing demand, they will place them no sweat). Tesla are talking about tripling production AGAIN in 2022.

And none of this takes into account what other major car manufacturers like BMW, Mercedes, Volkswagen Group, Ford, GM and Toyota are always doing in terms of rapid scaling on the electric front.

Put simply, there could be a serious lithium shortage mid decade (around about the time our first round of contracts will likely expire with our partners and we go back to negotiations with them for new prices!)

You cannot stop progress, you cannot stop technological development and you can't stop the march of time. The weight is too much and external forces far greater than whats usually looked at in the scope of weekly or monthly market movements are beginning to really show some pressure on the overall market. Look at the movement on the Spodumene price since late November last year for instance.