Let's assume "from the internet" estimate is at least somewhat correct, and the average EV battery contains 10kg of lithium (this is rounding up the more common 8kg estimate to make it easier to count).
The collapse in lithium prices could mean that the electric car market has been overvalued and that the actual production of electric cars is much lower than 12 million, because lithium batteries are not only used in cars.
Nothing, over time, prices will still begin to rise. Even though the technology and business of recycling lithium from used batteries will somehow develop.
And for sure, this decline will not affect the price of batteries in any way.
Let's assume the data is correct and only three countries produce 119 thousand tons of lithium per year:
https://en.wikipedia.org/wiki/List_of_countries_by_lithium_p...
Let's assume "from the internet" estimate is at least somewhat correct, and the average EV battery contains 10kg of lithium (this is rounding up the more common 8kg estimate to make it easier to count).
The collapse in lithium prices could mean that the electric car market has been overvalued and that the actual production of electric cars is much lower than 12 million, because lithium batteries are not only used in cars.
Nothing, over time, prices will still begin to rise. Even though the technology and business of recycling lithium from used batteries will somehow develop.
And for sure, this decline will not affect the price of batteries in any way.