Can The Lithium Price Boom Be Compared To Oil’s Last Supercycle

There’s an old adage for commodities that says, “the cure for high prices is high prices.” The inverse is true as well. In fact, I often heard this phrase when I worked in the oil industry. At the same time, I often heard people say “But this time is different. This time there is no easy cure.” I heard that in 2008 when oil prices first topped $100 a barrel.

Many people were predicting $200 a barrel. But a funny thing happened. Those high oil prices caused a recession, which reduced demand, which reduced prices. Here…