International Battery Metals Ltd (IBATF)

[TradingCharts]

I was thinking the same thing. Elon, wants people to invest in minning now so that the price will stay down. That is great for the auto company but not the minning company.

"Voodoo economics."

That's how Paul Graves, CEO of lithium producer Livent, described demands from buyers in the electric vehicle (EV) industry to renegotiate supply agreements while demanding increased production later this decade to satisfy EV makers' output plans.

“If you don’t have a rational conversation with me about what the [lithium] price needs to be for me to invest, then I don’t invest,” Graves told Reuters.


"If every EV company took their 2023 plans and went to the lithium market today, they’d probably only get about 15% of their needed supply of lithium," he added.

Graves called for longer-term contracts to be agreed at higher prices to incentivise new production.

“Otherwise, when this does turn, and it will, this will flip the other way and lithium producers will demand higher prices,” he warned.

https://mailchi.mp/republicpr/the-ripple-from-lake-resources-aug-2020?e=f96ddd4796