The darkest hour..., page-63

Lithium prices are falling at about the same rate as REE. If REE is dropping because people are afraid of Tesla's move the cars will still need batteries in fact more because Tesla says the move will reduce the cost and that is why the first car is suppose to be the $25,000 car. Lower price more sales.

I do not know if price drops are companies cutting back thinking EV sales are not rising as fast as they thought, Or supply has outpaced demand temporarily.

A company that wants to protect their future production by building inventory or buying hedges the company is a speculator just as much as an entity that buys product and puts it in the warehouse to sell later.

One of the biggest speculators in petroleum is the airline industry that always is buying well ahead of their need. Usually futures not product in a tank.

Tesla actions are usually take twice as long as their preannouncements so as people think about this they will realize that impact is a long ways away maybe even 5 years. once people think a little more short term impact will be small if any.