lithium may go up down in cycles. In the last cycle, the one...

lithium may go up down in cycles. In the last cycle, the one before this the low was about $500, reached a peak $1300 and then dropped to $500.
the cycle we are in at the moment is probably an anomaly due to EV hype.
It seems to have gone from $390 in '20 up to $7,790 in '23 and is now $770. $7,790 to $770 ie - 90%!!!
I think we might actually be going down even further to around $390-500 again to where we started due to supply and demand forces which means a fall of roughly 35%
After that, due to all the new mines and production it will back to business as usual and cycle similar to what we have seen in the past ie $400 to $1300 and back down to $400
you can get some data here