Earlier quoted context omitted.
I don't think you can really quote prices when you are talking about battery capacities on the order of the current world wide lithium battery production. Also, it's interesting that Iceland, with their abundance of geothermal power, don't have an interconnection with Europe. That's only 1000km as the crow flies and yet hasn't been considered economically feasible yet.
There is no lithium shortage. E.g. Tesla is basically mining in Nevada in a place that has apparently more than enough for their quite ambitious roadmap. Also money quote from Elon Musk last week was that it's one of the most common elements in the world. Basically, we've only scratched the surface (quite literally) in terms of actively looking for the stuff as the demand for lithium at this scale is a fairly recent…
My point about Iceland is they already have huge amounts of geothermal power and they should be able to develop it and sell it back to Europe as green electricity. Currently 70% of their power consumption is used to smelt aluminium so it's not like they are constrained.