It appears that lithium will be in short supply for some time, unless some new technology can make better batteries without it. Fat Prophets published this chart from Credit Suisse showing forecast demand.
As can be seen, unlike iron ore supply, lithium is likely to be short for some years to come.
Fat Prophets are recommending Argentinian startup Orocobere (ORE.ASX) as a spec buy.
They are due to begin production next year.
If CFE could pick up a distressed Lithium project somewhere safe, it sounds a much better prospect than a marginal IO mine in ebola wracked Sierra Leone to me.