Discipline for the long run.However it is of little use unless...

Discipline for the long run.

However it is of little use unless majors (in Lithium) like PLS stop selling on the spot market.

The world is awash with excess lithium in stockpiles and over production at the moment.

Facts are there are

1. EV manufacturers making record sales but missing forecasted sales by 30% to 70%, and reducing Battery purchases
2. Cell makers have quadruppled capacity and can get all the concetrate they can get to make battery cells
3. Refineries have trippled capacity and bought/have a mountain of Lithium concentrate and there is an avalanche of Lithium ore on spot market
4. Mines around the world have doubled trippled or quadruppled supply of lithium ore

If living in Lithium bubble, take off the foil hat and google

• Last years EV sales forecast from the likes of BYD, Tesla and NIO and than look at year to date sales.
• No articles about Battery makers cutting back due to lack of Lithium supply
• Reduction of lithium purchases or delays in uptake of Off Take by refineries
• Huge expansion of Brownfield lithium mines
• New tonnage from greenfield mines opening in Australia, USA and Africa

Lithium prices will recover when Chinese middle class goes back shopping for EVs