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In that time, global EV sales have increased by over 450%: https://www.iea.org/energy-system/transport/electric-vehicles https://www.iea.org/energy-system/trans

In that time, global EV sales have increased by over 450%: https://www.iea.org/energy-system/transport/electric-vehicles https://www.iea.org/energy-system/transport/electric-vehicle... The prevailing opinion was that lithium would stay expensive or go up even more. The price also has not stabilized and may well continue to drop; this is an in-progress update.

jandrese 3y ago
Prevailing opinion from whom? Certainly nobody who understands how commodity markets work. This is all econ 101 level effects, and yet there have been so many articles in the past few years where writers are shocked at what is happening to the prices this week. Or even dumber ones where they project out battery production to 2030 and then compare that to the lithium market today and come to the conclusion that we will never be able to electrify because the lithium market isn't big enough. I'm personally excited for the point a few years from now when all of the battery plants are online and they overshoot demand and the prices crater. It will be a short but glorious golden age for grid storage, EV startups, and so on until some of the companies go under and others consolidate and the prices come back up to a more sustainable level.