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

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Can The Lithium Price Boom Be Compared To Oil’s Last Supercycle
source : OILPRICE ( Middle East ) () 38
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…

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