Lithium Price Collapse?

A new report from Bloomberg New Energy Finance reports that lithium suppliers are worried about a price collapse because new lithium sources are coming online ahead of new mass production of electric cars.

Automakers continue to voice concerns about the supply of raw materials for electric car batteries, but a Bloomberg report suggests that this may not be the reality at all.

Enough new lithium supplies are entering the market as mining companies are concerned about a price collapse. While automakers are preparing a series of new electric models, they can’t arrive fast enough for mining interests.