The lithium price has fallen about 20% since its peak in 2022. The market remains very tight, with an estimated supply deficit of about 5,000 metric tons in 2022. However, with numerous lithium mines expected to start producing in the coming quarters and years, lithium prices may decline further. It will depend heavily on how quickly consumers adopt electric vehicles. As of Feb. 2022 (according to Reuters), EVs accounted for less than 1% of the vehicles on the road in America.
The mania taking place in lithium stocks is capturing the minds and imaginations of investors globally. GM just announced it will invest in a lithium mining company to secure supply for the production of electric vehicles.
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GM Data: www.freep.com/...
www.cnbc.com/2...
Lithium Americas Thacker Pass Mine Data: www.lithiumame...
Lithium Supply Deficit Data:www.spglobal.c...
Electric Vehicle Data: www.reuters.co...
Lithium production history data: www.weforum.or...
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