We won’t wade into the merits of either argument because, either way, the underlying facts remain that the “sharp correction” Goldman predicts is a function of market volatility caused by a brittle and over-concentrated supply chain. The volatility here is because we have rising demand, but an uncertain supply. For the market to achieve a stable foundation price, high or low, it must achieve a stable and reliable supply chain.

Media and analysts currently predict a lithium supply chain pinch that is going to be worsened by China's and Russia's near-monopoly on refining. With emerging technology like Mangrove's, companies will not be reliant on foreign processing and will be able to supply the expected demand.