Interesting thread. I think that it is the capacity for existing...

Interesting thread.

I think that it is the capacity for existing operations to expand and meet demand growth that will dominate this market for the next 20 years. I read recently that the brine operations in South America (that account for about 3/4 of global lithium supply) were producing at about 65% of their potential - I don't know if this means existing potential, or if significant capex would be required to expand production, but simply having that headroom for supply expansion in existing operations will place a very strong controlling hand on the sort of demand-driven price booms that the low-grade hard rock projects are relying on to become economic.