Australia lithium miner said that lithium concentrate spodumene was in "relatively short supply" as enquiries for the raw material used in EV batteries rise.
EV Metal Index jumps 245% YTD, boosted by rising sales of cars like the Ford Mustang Mach-E and Audi e-tron Quattro with high-nickel, cobalt batteries.
Researchers say the production of lithium, cobalt, and graphite must expand dramatically to meet the demand enabled by high levels of electric vehicle manufacturing.