From Jordan-Belfort-Jnr's post, the green bars in the chart below represent fully commissioned EV battery capacity, the grey is under construction and that is larger than the green. It doesn't look like the lithium price will be going to zero when all that new production capacity starts to compete for lithium supply. Earlier this year, when lithium prices were crashing from their bubble highs, I was wondering if we missed our timing but since then, M&A activity has heated up. That pick up in M&A shows industry players are expecting another surge in lithium demand and lithium prices beyond the next year or two of forecast surplus. The forecast deficit continues well beyond a few years this time as EVs continue to build momentum to eventually take over from ICE vehicles. Timing of all this might not be precise but it does seem inevitable.
