Lithium Supply Crunch & Big Price JumpsNotwithstanding the 38% Lithium compound demand increase in December (month-over-month) for EV Lithium batteries, it's likely that Putin is buying Lithium like crazy from China as part of Russia's very recent Natural Resources purchasing program with China (i.e. Russia beefing up Lithium compound in anticipation of Ukraine invasion).
The USA doesn't have a whole lot of Lithium production at this time and will likely look to acquire the key Canadian Lithium developments, albeit, top Lithium reserves/deposits not yet in production (Ontario & Quebec).