Lithium

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During Tesla's latest earnings call, CEO Elon Musk issued a passionate plea for other companies to invest in domestic battery production to mitigate geopolitical risks. He highlighted Tesla's own costly efforts in Texas as a necessary but burdensome step amid fragile global supply chains. Musk warned that firms ignoring these vulnerabilities could face existential threats.

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Lithium carbonate prices hit US$22,832 per tonne on Thursday, the highest since November 2023, following a 24% drop in Chilean exports in 2025. Experts link the surge to demand for batteries in electric vehicles and energy storage. A positive year is forecasted for the commodity, though not matching prior peaks.

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