I can't believe she would fail to associate Clark's vulnerability to the Kryptonite that is all around.
If I remember correctly (and I skimmed through Weekend in Smallville, just to check) neither Lois nor Clark have encountered Kryptonite in this trilogy until now. So I find it perfectly plausible that Lois would not equate the green, glowing rocks on the warehouse floor with Clark's "inexplicable" vulnerability.