The importance of lithium (LMQ24) in the electric vehicle (EV) value chain cannot be overstated. With widespread applications in developing EV batteries, the lithium market is projected to reach a staggering $134 billion by 2032, a huge jump from $27 billion in 2024. This represents a healthy CAGR of 22.1% between now and then. So, given these robust growth forecasts, investing in lithium-related stocks should be a winning strategy, right? Well, a massive oversupply in the lithium industry has pressured prices significantly over the past 18 months, with Bank of America halving its lithium pric…