Lithium price turns up

The rapid expansion in demand for lithium-ion batteries caused a near tripling in the price, which called forth an increase in supply, inevitably leading to a big bust.  One of the reasons commodity cycles are so extreme is that in the short term, the elasticities of both demand and supply are low, so that small movements in supply or demand cause big swings in price. 

The technical formation for the lithium price has turned positive, and I suspect that the bear market is over.  This prolly partly reflects the end of the Chinese EV slowdown.