will the lithium market be in deficit for the next three years? #ChartOfTheDay

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Fastmarkets NewGen is forecasting a shortfall on the lithium market until 2025. With price this year soaring over $80k per tonne (+1000% since January 2021), will this mean that we can reach over $100k/t? This article is part #ChartOfTheDay series.

CME lithium futures chart shows a huge rise:

lithium CME futures (W1); source: Reuters Eikon