To add to your pessimism. I was listening to a Fund manager, he said that the “romance” with Li stocks is over , for now. EV adoption in the US is slowing down. And Big Funds pulled money out of Li stocks.  Li prices fell almost 80% this year.  There is plenty lithium  for next year.

 On the positive side,  the long term demand will catch up with supply by 2025 and 2026, he thinks supply will be a bit short since China  and Europe EV production is not slowing down.

 So , we have to wait again, when it comes to LAC.. LAAC on the other hand might do much better next year.