More EVs will require more lithium, but only at the right price. The company on Sunday walked away from a deal to buy Australian lithium miner Liontown Resources for roughly $4.2 billion. Liontown may not have been the right deal at the right time for Albemarle, but the company will have to find more lithium somewhere. Lithium is on even more of a roller coaster than most resources. To fulfill its promise, the lithium industry needs to be profitable enough to invest—but not so much as to throw EVs off course.

Source: Wall Street Journal October 17, 2023 21:44 UTC