Increased liquidity is a good sign. Some buyers may have been holding back because of low liquidity. Also allows those who are looking to get out a way to do it gracefully and without damage.
With no Li sales and none likely for several years how is PE "ahead of the pack". ? What about SQL, ALB, FMC, Talison,China? More like the ships have sailed and PE standing on the dock still waiting for construction plans so they can give them to the shipbuilder.
No. Musk has bigger and better things to spend his time on. There are plenty of Li suppliers around the world who will fill his needs. And I saw that they are accelerating the the opening of the plant - PE just not ready. PE Li no different than any other Li - price and delivery is what matters not reserves.
PE does not yet have the plans , cost or schedule for the new process plant. The big spike was caused by two CNBC segments. Buyers have now done some DD and it is drifting back down. Look for news about lab tests and plans - not reserves.