The situation in Bolivia probably had a significant effect.
There's lots of lithium mines there. The new (read: coup) government knows this I'm sure and is looking to get rich off of it at the expense of the indigenous population.
There's lots of lithium mines there. The new (read: coup) government knows this I'm sure and is looking to get rich off of it at the expense of the indigenous population.
Right now Bolivia only has huge reserves. You also have to be able to extract it efficiently.
Look at Venezuela, their reserves are huge but their oil is much more difficult to extract.
Also the lithium market is complex, there are many different grades. The impact of raw lithium price on battery prices are just ~30%.
So the current political situation has probably no effect at all.