RE:RE:RE:RE:Fund Manager: NILI has SPECTACULAR GRADES There is a glut of lithium now. The high initial demand in 2023 spurred exploration and existing producers expanded their operations. In 2024, rate of EV demand slowing and more supply coming to the market, hence decrease in commodity price.
Surge is still determining the size of their resource and mining will not start for many years. In 2030, EV production is slated to be running at full bore, and supply will be less than demand.
As an investor in Surge, the current price of lithium and current EV adoption rate is next to irrelevant.