RE:RE:RE:RE:RE:RE:RE:RE:RE:Going forward ....Step by step For lithium, delays of new and expansion projects will help the supply glut. With only a few producers making money at these levels, “you’re starting to see less production of lithium — a complete contraction of the production of it,” said Andrew Bowering, a director at explorer American Lithium Corp. “New projects that were scheduled to come on are not coming on, and there’s going to be a supply crunch of lithium some time within the next couple of years.”
Citigroup analysts now expect battery-grade lithium prices to surge by about 42% in 2022 from current levels thanks to “rising conviction” on electric-vehicle demand from new Chinese and European EV incentives as well as accelerating rationalization in supply.