IHMO, few things have happened: 

1) Lithium Carbonare, despite all sweet talks about metal shortage is around $20000/ton at the moment, used to be more than twice of that.
2)Tesla got trashed and will likely continue with little to now growth in the future. Unfortunately, LAC is trading with Tesla.
3)The EV revolution is not going as fast as expected. Some of you may remember, that I was predicting that for 2025, it came bit earlier than that 

And finally, one can rely on one certainty: LAC will always be late. I got hammered as everyone else here, I just do not see any easy way out of this mess, because a recovery is not likely. I would gladly be wrong on this one, but I am afraid of being good with delivering bad news. I wonder what WB thinks about it.