future lithium environment most likely will be dominated by low...

future lithium environment most likely will be dominated by low cost producers when DLE becomes main stream. Current main producers will not be hugely impacted by falling lithium prices but their margins will be hugely impacted if there be a period of lithium price downturn.
This is where low cost companies like vulcan thrive with multiple income streams over single stream hardrock projects. But in that scenario the good question is how many those wannabe lithium producers in exploration stage going to survive? But the positive side of lower lithium price is that car manufacturers will able to produce cheaper EVs will drive the demand for lithium. There its a possibility that lithium price may rally again if supply start lagging but given around 2030 if predictions come true that many lithium producer will come online, that issue may not be a huge one. This is where VUL has the edge that they can make good use of that 2025-30 period for their advantage, if they manage things smartly.