Lithium prices have fallen considerably in the last 12 months. This is probably due to demand being limited more by battery and EV manufacturing capacity than lithium supply, so oil shortage may not (yet) have a correlation with increased lithium price and demand.
Elon Musk said earlier this year that the number of cars they produce is limited by the capacity of their battery factory - if more people bought cars with smaller batteries they could make more cars.
ORE Price at posting:
$2.63 Sentiment: Hold Disclosure: Held
