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So, from the panel:

• Supply shortfall to remain.
• Takes a long time to bring new projects on.
• Uptake of EVs faster than expected.
• EVs are actually good, ICE vehicle makers didn't think they were any good.
• ICE vehicle makers late to the party and trying to catch up.
• Covid and supply issues raising prices.
• Labour force missing due to lockouts and Covid.
• Improved battery technology.
• Ni and Co expensive, Li was cheaper, more price increases to come.
• Not sure if new supply will match demand.
• May constrain new cars coming on.
• No current replacement for Li for battery tech, but others may be coming.
• Cost of Li in a battery not the major cost.
• Current prices not long term contracts but indicates supply demand situation.
• Toyota spending $70b on EVs by end of 2020s. Double of earlier target of 12 mths ago.
• Saudis pivoting and looking for supply.
• Ford doubled sale target for EV pickups - F150.
• Paradigm shift in US auto market and late to the party.
• Investment will speed things up but Li deposits not easy to bring into production.
• Many different types of deposit makes chemical process difficult. Every project different.
• More funding coming in compared to last run on Li. Traditional banks weren't financing. Now more interested.
• Demand much greater than possible supply.
• More Teslas's coming on.
• General battery storage use to significantly increase.