>> My understanding is also that LFP batteries have basically eliminated the raw materials bottleneck, << the casuality between the raw material supply bottlen

>> My understanding is also that LFP batteries have basically eliminated the raw materials bottleneck, << the casuality between the raw material supply bottleneck and LFP would be difficult to demonstrate. LFP has lower energy density and would have required more lithium to get equivalent KWh than what is normally required by high-energy, high-nickel batteries (eg, NCM/A); therefore higher lithium demand, but ... The price of lithium, and other battery raw materials, however, plunged by 75% since last Novemember peak (still falling) -- it's widely understood that the drop is largely caused by slower than expected EV demand (and oversupply). >> but I believe the reason for the slow drop is mostly because most of the battery factories currently under production are not online yet... << GM forecasted earlier this year that their (Ultium) cell cost would drop to $87/KWh by 2025; just last week, GM reported a 40% drop in their cell cost YoY. Sure, there is 400+GWh new US battery production coming up in 2025-2026 and the commodification/mass-production of made batteries would accelerate further price drop.