12 Sep, 23

U.S. Discovers Lithium Deposit Bigger Than Bolivia’s Salt Flats

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Over the past few years, the lithium boom went into overdrive as EV makers like Tesla Inc. (NASDAQ:TSLA) scrambled to secure supplies amid rapid EV growth and tight supplies. The lithium bonanza sent lithium carbonate prices up more than six-fold and spodumene up nearly tenfold in the space of just two years.  Unfortunately for the bulls, the lithium bubble finally burst in late 2022 and sent prices crashing thanks to slowing EV demand as well as an influx of fresh supply mainly from China, Australia and Chile. Lithium…

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