Lithium now joins natgas as the insanity continues. All of this was predictable.
The surging prices are unnerving battery makers and EV firms. Tesla Inc. Chief Executive Officer Elon Musk said this month that lithium had gone to “insane levels” and is the “fundamental limiting factor” for EV adoption, adding the car giant might consider mining or refining it directly.
And now, the musker is going into lithium mining. That won't help. He would make more money just selling it to the other fools. Of course, China is making out like a bandit on lithium. We know what happens when tyrants are full of cash.