The Lithium Price Climb Begins again, Nearing 500,000 YuanLithium scarcity heightens as China's economy just starting to move again & Lithium already hitting close to historic high price nearing 500,000 Yuan or approximately $US 32.00 per pound.
New electric vehicle purchase?? Good luck, if you can find one without a 6 month to 1 year wait (order backlog).
Another reason for Tesla to construct battery & EV assembly plant in proximity to 12+ million Southern Ontario population who drive big distances at high speed or sit and wait idling engine and crawl through traffic, either way, burning an awful lot of petro at high consumer cost, hence millions of ticked off ICE (Internal Combustion Engine) drivers hungry for EV's, Tesla, GM, Ford, Hyundai, whoever can meet screaming market demand.
And even more reason for the likes of VALE, with massive industrial lands footprint to get into the business of Lithium refining (possibly with Tesla). Afterall, mining companies already shipping concentrates to VALE for Copper/Nickel processing, what's another commodity like the valuable scarcity of Lithium.
Then companies like Frontier Lithium can simply focus on its Ultra Low Cost - Ultra low strip ratio Open Pit mining of High Grade Lithium ores from MULTIPLE discovery deposits.